€-coin decreases in May

• €-coin fell further into negative territory in May (to -0.42, from -0.15 in April).
•  This development reflects the decline in industrial production and in the qualitative indicators regarding business activity.
• 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 Wednesday, 5 July 2023 and Thursday, 3 August 2023 (to be confirmed).

More information: Cyclical coincident indicator of the euro area economy (€-coin)