€-coin holds steady in June

• €-coin was unchanged from the previous month, at 0.26 in June, continuing to signal modest growth in the euro area.
• The slight recovery in business confidence in services and construction was countered by the decline in industrial production.
• The €-coin indicator developed by Banca d’Italia 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 Banca d’Italia and CEPR.
• The next publication dates for €-coin are Friday, 1 August 2025 and Wednesday, 3 September 2025 (to be confirmed).

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