Eurozone Shows Signs Of Growth: Survey

Sponsored Links

Wednesday, the Centre for Economic Policy Research said the EuroCoin indicator remained positive for the second straight month in October at 0.33, up from 0.07 in September, indicating an underlying growth of 1.3% on a yearly basis in the euro area.

"Most indicators contributed to the increase in ?-coin; in particular, business and consumer confidence, the stock markets and August industrial production have been the chief drivers for the current month result", the think-tank said.

EuroCoin is a monthly estimate of area-wide underlying GDP growth, computed each month by the staff of the Bank of Italy.

Wednesday, the Centre for Economic Policy Research said the EuroCoin indicator remained positive for the second straight month in October at 0.33, up from 0.07 in September, indicating an underlying growth of 1.3% on a yearly basis in the euro area. (Market News Provided by RTTNews)