(Bloomberg) --
Italy's economy looks much better after services activity was added to the Bank of Italy's economic coincident indicator called Ita-coin.
The central bank expanded its cyclical coincident indicator to include new data on services using PMI indexes and taking into account service spending and financial services.
The indicator rose to -0.02 in November from -0.08 in October, taking the change in methodology into account. The revision starts from 2010 and shows a gradual improvement of the indicator profile starting from September 2014, with a noticeable improvement in October and November of this year.
To contact the reporter on this story: Giovanni Salzano in Rome at gsalzano@bloomberg.net
To contact the editors responsible for this story: Joshua Robinson at jrobinson37@bloomberg.net, Molly Dai
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