The euro-coin index measured by the Bank of Italy, which estimates the economic situation in the euro area, increased for the second consecutive month in March (to 0.15 from -0.31 in February), " returning positive for the first time since the beginning of last year."
Bank of Italy made this known in a press release, explaining that the growth of the indicator reflects "mainly the positive dynamics of share prices and the recovery of qualitative indicators on activity".
The monthly index estimates the underlying dynamics of the euro area's GDP on the basis of historical macroeconomic data (such as industrial production indices, economic surveys, demand indicators and stock market indices) and anticipates the quarterly measurement of GDP.
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