The Bank of Italy indicator which forecasts the dynamics of the GDP growth rate remains at slightly negative levels, settling at -0,1% – Good for manufacturing and foreign trade, bad for businesses.
Eurocoin, the indicator developed by Bank of Italy which provides a synthetic estimate of the economic situation in the Eurozone by anticipating the dynamics of the GDP growth rate, stood at -0,1% in April, remaining substantially unchanged on the slightly negative levels of March.
This figure is a synthesis of the positive assessments of manufacturing activity and foreign trade as opposed to the more negative ones found in the qualitative surveys of households and businesses.
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