Friday, August 31, 2012

31/8/2012: Eurocoin for August 2012

Euro area leading growth indicator from Banca d'Italia and CEPR has posted eleventh consecutive monthly contraction in August, reaching -0.33 from -0.24 in July. This marks the worst reading for eurocoin since July 2009. 2008-2009 average was -0.31, so the current reading is worse than average for the first wave of the crisis.

A year ago, the indicator stood at +0.22, implying a growth swing of 2.1-2.3% annual.

3moMA indicator is now at -0.25, annual expected rate of decline is at -1.3%.

Charts to illustrate:

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