7/4/2014: Eurocoin March 2014: Q1 Growth Estimate at 1.4% y/y

I have not updated stats for Eurocoin leading growth indicator for euro area economy for some time now, so here's the latest.

In March 2014, eurocoin rose to 0.38, with Q1 2014 average reading of 0.35 and 6mo average of 0.29. In Q1 2013 the average stood at -0.18. Hence, Q1 2014 growth forecast is for 0.34% q/q expansion. Annualised Q1 2014 projection is for GDP growth of 1.39% and this compares against annualised contraction of 0.73% in Q1 2013.

Couple of charts: