In April the recovery in the €-coin indicator came to a halt

Friday, April 27, 2012

In April the €-coin indicator worsened slightly, declining to ‑0.08% from ‑0.03% in March, and interrupting the improvement that had been under way since the beginning of the year.
This result reflects the downturn in share prices and the deterioration in consumer and business confidence, offset in part, however, by the growth in exports.
The €-coin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). €-coin is published monthly by the Bank of Italy and CEPR.
Next €-coin release dates: Friday 25 May and Thursday 28 June (provisional).

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