- The €-coin indicator remained negative for the seventh consecutive month in August,though it improved compared with the previous month (to -0.34, from -0.56 in July).
- €-coin was driven by the fall in producer prices and the recovery in some demand indicators, which offset the deterioration in household and 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 29 September and Monday 6 November (to be confirmed).
More information: Cyclical coincident indicator of the euro area economy (€-coin)
