The research results presented by the Central Bank of Italy and CEPR Institute, showed that the sensor, to estimate the growth rate in the Eurozone rose for the third consecutive month in August.
According to the EuroCoin indicator improved in August to 0.32 points compared to 0.31 points in July. Also we will remind that in June the indicator stood at 0,29 points. The latest reading was the highest since March this year (when the figure was at the level of 0.34 points).
“The slowdown due to weak growth of prices and international trade were offset by the partial recovery in stock prices, which significantly decreased after the announcement of the results of the referendum on British membership in the European Union”, – noted in the report.