New decline in September for the Eurocoin index, which captures the dynamics of the underlying economic growth in the Eurozone. For the fourth consecutive month, the data processed by Bankitlaia and the Cepr study center (Centre for Economic Policy Research) dropped to +0,03, the weakest value since the summer of 2009. Yet another confirmation that the recovery is faltering and that growth has once again almost bogged down in a stalemate.
The Eurocoin "reflected above all the trends in share prices - explain Bankitalia and CEPR in a joint note - and the growing pessimism revealed by surveys among consumers and businesses".
