The headline index compiled by the bank rose to -0.22 in September after being revised down to -0.59 in August, with the more-representative three-month moving average rising to -0.21 from -0.28.
The bank said the rebound was driven by gains in employment-related indices, which contributed 0.04 compared with -0.12 in August. However, the consumption and housing category remained firmly negative, with the category at -0.30 in September compared with -0.38 in August.
The index is a weighted average of 85 indicators of national economic activity. Overall, 39 of the indicators were positive, while 46 were negative. Fifty-seven of the indicators improved from August to September, 27 declined and two remained unchanged.