• €-coin rose for the third consecutive month in April (to 0.26, from 0.15 in March), signalling a pick-up in economic activity in the euro area.
  • The indicator benefited from a cyclical recovery in industrial production and from the resilience of demand indicators, while household and business confidence remained weak.
  • 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, 3 June 2024 and Friday, 28 June 2024 (to be confirmed).