In April the indicator eurocoin recorded a slight deterioration, interrupting the recovery underway since the beginning of the year and settling at -0,08%, from -0,03 in March. This was announced by the Bank of Italy, specifying that the result reflects the decrease in share pricesie the worsening of consumer and business confidence, partially offset however by the rise in exports.
The Eurocoin – an indicator developed by Bank of Italy – provides a real-time summary estimate of the economic situation in the euro area and expresses this indication in terms of the quarterly growth rate of GDP, purged of the most erratic components (seasonality, measurement errors and short-term volatility). The data is published monthly by the Bank of Italy and by the CEPR.
