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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 FIG Rises


The Eurozone Future Inflation Gauge ( EFZIG), published by the Economic Cycle Research Institute, nudged up to 92.3 from January's 91.9, as similar national indicators rose in Italy and Spain but fell in Germany while it was unchanged for France.

"In February, the EZFIG edged up but stayed near January's 35-month low. Thus, euro zone inflation is likely to ebb further in the months ahead," Lakshman Achuthan, ECRI's chief operations officer, said.

Inflation in the 17-nation currency bloc eased to 1.7 per cent in March, flash data this week showed. A Reuters poll published last month predicted inflation would remain around that for the rest of this year and next.

VIEW THIS ARTICLE ON REUTERS

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