€-coin declines again in November

Friday, November 25, 2011

In November €-coin declined for the sixth consecutive month, to -0.20% from -0.13% in October.
As in recent months, the fall reflects the further deterioration of most of the variables that are included in the indicator.
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, 30 December 2011 and Friday 27 January 2012 (provisional).

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