€-coin went down to -0.79 in November, from -0.67 in October, reaching its lowest figure since September 2022.
The further decline in the indicator reflected the weakness in industrial production and in international trade.
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 Friday, 5 January 2024 and Friday, 2 February 2024 (to be confirmed).