€-coin decreases slightly in February

• €-coin declined slightly in February (to -0.05, from 0.06 in January).
• The decrease was mostly due to the increases in market interest rates and the downward revision to economic activity in Germany in the fourth quarter of 2022.
• 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 and Friday, 31 March 2023 and Thursday, 4 May 2023 (to be confirmed).

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