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Bank of Italy: Eurocoin index at 0,12, first positive value in 2 years

According to what was communicated by Bank of Italy, the index which provides a real-time synthetic estimate of the economic situation in the euro area rose up to 0,12, recording the first positive value in two years – The strengthening of the household and business confidence.

Bank of Italy: Eurocoin index at 0,12, first positive value in 2 years

The Eurocoin index rises in September, and returns to positive territory for the first time in two years. This was communicated by Bank of Italy, which specified that the indicator, which provides a real-time estimate of the current economic situation in the Eurozone, went from -0,04 in August to 0,12.

The strengthening of the confidence of households and businesses and the rise in share prices contribute to dragging the Eurocoin upwards, only partially held back by the weakness of manufacturing activity.

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