China  Russia  USA  Italy  Germany  Euro area  0  GDP, s-a (LHS)* EuroCoin (LHS) Euro area composite PMI (RHS) Eurozone Economic Sentiment Indicator (RHS)  -4  35 30 25  I III I III I III I III I III I III I III I III I III I III I 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Sources: Eurostat, Markit Group, Banca d’Italia and European Commission.
* Eurostat preliminary estimate for Q1 2018. While global growth forecasts are looking up, developments in certain markets are still veiled in uncertainty. The global commodity market recorded a continued rise in the prices of primary commodities, notably oil, whose price came at USD 78 per barrel in May, the highest since November 2014.