An indicator that measures the current economic situation in the euro area rose for the fourth consecutive month in March, mirroring the improvement in the stock market, a survey report said Friday.
The Eurocoin indicator, which is developed by the Bank of Italy and the Centre for Economic Policy and Research, climbed to -0.12 percent from February’s -0.20 percent. The improvement mainly reflects the rise in share prices over the span of the month, which more than offset the effect of the decline in the indices of business confidence, the report said. The Eurocoin indicator is a monthly estimate of the underlying growth rate of the euro area GDP and signals the outlook for the 17-nation economy. A positive slope in the graph of the indicator suggests that the underlying growth rate of GDP is increasing, while a negative slope indicates that the rate of growth is decreasing.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comEconomic News