CEPR News
€-coin declines more moderately in October
€-coin picked up somewhat in October (to stand at -0.31 from -0.73 in September), but remained in deeply negative territory.
- €-coin picked up somewhat in October (to stand at -0.31 from -0.73 in September), but remained in deeply negative territory.
- The improvement mainly reflected the better-than-expected GDP figure for the third quarter and, to a lesser extent, industrial activity holding firm. €-coin has continued to be affected by the persistent contraction in business confidence.
- 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, 2 December and Thursday, 5 January 2023 (to be confirmed).
