Source: Bank of Italy and Eurostat. 
Note: The €-coin series is based on the real time estimates of the indicator at a given date and hence the series is not revised. On the other hand, the GDP growth rates are calculated on the basis of Eurostat’s most recently published series and do reflect any changes in the historical data.
  •  In May, €-coin increased to 0.95 (from 0.61 in April).
  • The indicator is buoyed by the resilience at historically high levels of business confidence and it reflects the recent data on economic growth in the first quarter that give slightly better signals than those of the flash estimate released at the end of April.
  • 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.
  • As of January 2021, a new version of the indicator has been released, which incorporates some revisions to the database and to the sample on which our estimates are based. More information has been included regarding services – a sector whose importance has increased in terms of value added in the euro area
  • Next €-coin release dates: Monday, 4 July and Friday, 5 August (provisional).

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