Eurozone economy is growing the slowest pace since the end of the recession, as business and consumer confidence waned and stock prices fell, according to the measure of activity compiled by the Centre for Economic Policy Research (CEPR) and Bank of Italy. CEPR and Bank of Italy on Friday said that their indicator of economic activity fell Eurocoin to 0.03% from 0.22% in August, dropping the fourth consecutive month. It was the lowest level since August 2009.Eurocoin indicator designed to assess the gross domestic product growth from quarter to quarter, with the exception of unstable components, such as seasonal fluctuations and short-term volatility.
"The decline mainly reflected trends in stock prices and growing pessimism on the results of surveys of consumers and businesses," - said the Bank of Italy and CEPR.
