€-coin declines further in September
Friday, September 27, 2019
- In September the €-coin indicator decreased again (to 0.16, from 0.18 in August) but remained at levels that are compatible with a modest expansion in economic activity in the euro area.
- The indicator continues to be held back by the persistent weakness of the industrial cycle and the trends in business confidence, especially in the manufacturing sector.
- 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 October 2019 and Friday, 29 November (provisional).
€-coin and euro-area GDP – September 2019
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/