€-coin picks up in September but remains negative

• The €-coin indicator rose in September (to -0.18, from -0,34 in August), while still confirming the underlying weakness in euro-area activity.
• The upward trend reflected a rebound in a number of demand indicators, which more than offset the deterioration in household and business confidence.
• The €-coin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). €-coin is published monthly by the Bank of Italy and CEPR.
• The next publication dates for €-coin are Monday, 6 November and Friday, 1 December (to be confirmed).

More information: Cyclical coincident indicator of the euro area economy (€-coin)