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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 Inflationary Pressures Rising


Inflationary pressures are rising in the eurozone, suggesting the European Central Bank's trillion-euro bond buying programme is having the desired effect, an indicator designed to predict cyclical trends showed on Friday.

The Eurozone Future Inflation Gauge (EZFIG), a measure of the outlook for inflation published by the Economic Cycle Research Institute, rose to 99.7 in April from March's 99.1.

"The EZFIG inched up once more, reaching a 46-month high in April. Thus, eurozone inflation will likely rise further in the months ahead," said Lakshman Achuthan, ECRI's chief operations officer.

Inflation returned to the bloc last month with a higher than expected 0.3 percent increase in consumer prices after five months of falls and stagnation, official data showed on Tuesday.

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