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During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Eurozone Inflation Pressures Tick Down


LONDON: Inflationary pressures in the euro zone have ticked down but are still on a rising trend, according to an indicator issued on Friday that is designed to predict cyclical trends.

The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, dipped to 100.3 in June from May's four-year high.

"Despite its latest downtick, the EZFIG remains close to its earlier high. Thus, euro zone inflation pressures are still in a rising trend," said Lakshman Achuthan, ECRI's chief operations officer.

Euro zone inflation was unchanged at 0.2 per cent in July as a further decline of energy prices negated the impact of more expensive industrial goods and services, leaving the European Central Bank with more work to do to push up prices.

LONDON: Inflationary pressures in the euro zone have ticked down but are still on a rising trend, according to an indicator issued on Friday that is designed to predict cyclical trends.

The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, dipped to 100.3 in June from May's four-year high.

"Despite its latest downtick, the EZFIG remains close to its earlier high. Thus, euro zone inflation pressu ..

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