€-coin continues to rise in October
Friday, October 27, 2017
- In October €-coin stood at 0.72, remaining essentially stable at the high level reached in September (0.71), after increasing for four consecutive months.
- The positive trend in industry and a further improvement in business confidence more than offset the delayed impact of the appreciation in the euro exchange rate over the summer.
- 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.
- Next €-coin release dates: Thursday 30 November and Friday 29 December (preliminary).
€-coin and euro-area GDP – October 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/