€-coin declines again in December
Friday, December 21, 2018
- €-coin declined for the second consecutive month from 0.47 in November to 0.42 in December.
- The indicator continues to reflect the decline in business and consumer confidence and, to a lesser extent, tensions in the share markets.
- 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: Thursday, 31 January and Thursday, 28 February (preliminary).
€-coin and euro-area GDP – December 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/