In March 2024 the Eurocoin indicator showed growth for the second month in a row, reaching 0.15 compared to -0.31 recorded in February, thus returning to positive territory for the first time since the beginning of last year.
The increase was announced by the Bank of Italy, which underlined how the improvement of the indicator was significantly influenced by the positive trend of the stock markets and the recovery of the qualitative indicators relating to economic activity.
Eurocoin, a tool developed by the Bank of Italy, offers a synthetic real-time vision of the current economic situation in the euro area. This is done by expressing the trend in terms of the quarterly growth rate of GDP, stripped of the more erratic components such as seasonality, measurement errors and short-term volatility.