In January €-coin rose marginally, to -0.23% from -0.27% in December, after holding basically stable for four months. The modest improvement is ascribable to the easing of tensions on the financial markets, in contrast with a persistently negative contribution deriving from the weakness of manufacturing.
In December the €-coin indicator remained substantially stable, at negative levels, for the fifth month running (-0.27%, as against -0.29% in November).
In November €-coin was at -0.29 % (the same as in October). The result reflects the opinions of households and businesses, as recorded by the surveys, which overall remain still unfavourable, though signs of an easing of pessimism emerged in some euro-area countries less affected by the sovereign debt tensions.
The CEPR Business Cycle Dating Committee has determined that economic activity in the euro area peaked in the third quarter of 2011 and that the euro area has been in recession since then.
CEPR has appointed a new chair and new members to its Euro Area Business Cycle Dating Committee.
This eBook draws together available evidence from HM Government and independent experts about the impact of the Single Market to date.
In August €-coin fell to -0.33% from -0.24% in July. The deterioration was due principally to the growing pessimism of businesses and households, only partially offset by the rise in share prices.
The €-coin index fell to -0.24% in July from -0.17% in June, confirming the current cyclical weakness of the euro-area economy.
The latest CEPR/ICMB Geneva Report on the World Economy looks at international cooperation, identifying the issues that are most likely to benefit from cooperation, and on which the international community should focus its efforts.
In June the €-coin index declined from -0.03% to -0,17%, indicating a further worsening of cyclical economic difficulties.