€-coin declined in November
Friday, November 30, 2018
- In November €-coin declined from 0.54 in October to 0.47, returning to the level recorded in August.
- The indicator was affected by the tensions in share markets, in addition to the continued weakness in industrial production and the decline in consumer 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.
- Next €-coin release dates: Friday, 21 December and Thursday, 31 January (preliminary).
€-coin and euro-area GDP – November 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/