€-coin declines in April

Friday, April 28, 2017
  • In April, the €-coin indicator fell for the second consecutive month, to 0.67 from 0.72 in March, nonetheless remaining at a cyclically high level.
  • The negative impact of the weakening of the industrial cycle outweighed the positive effects of the trend in share prices.
  • 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: Wednesday 31 May and Friday 30 June (preliminary).


€-coin and euro-area GDP – April 2017

Sources: Bank of Italy and Eurostat.

More information is available at http://eurocoin.cepr.org/