€-coin rose again in August

Thursday, August 31, 2017
  • In August €-coin rose to 0.67 from 0.63 in July, increasing for the third consecutive month.
  • The indicator’s growth largely reflected the consolidation in the industrial cycle and greater business optimism; it again offset the braking effect which continues to stem from the euro’s appreciation.
  • 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: Friday 29 September and Friday 27 October (preliminary).

 

€-coin and euro-area GDP – August 2017

Sources: Bank of Italy and Eurostat.

More information is available at http://eurocoin.cepr.org/