While some indicators (PMI, industrial production) may not work to forecast economic growth in the Euro Area, we still have one indicator we can trust, and this indicator is not giving us any good news
(ripubblicazione articolo del 19 agosto 2014)
As every month, we keep you updated on the development of the Eurocoin index, the best GDP-anticipator we have for the Euro Area.
You won’t like this chart:
It looks like Eurocoin has entered a downward trend, after reaching a peak between March and April.
Suddenly, a third recession for Europe is not so impossible.