The €-coin indicator remains high in July
Friday, July 28, 2017
- In July €-coin rose slightly to 0.63, from 0.62 in June, remaining at cyclically high levels.
- The positive contribution stemming from the strengthening of the industrial cycle and from business optimism was offset by the negative effects of the rise in long-term yields and the appreciation of the euro.
- 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 31 August and Friday 29 September (preliminary).
€-coin and euro-area GDP – July 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/