€-coin declines in January
- €-coin fell from 0.21 to 0.01 in January, indicating a further weakening in economic activity at the beginning of 2022.
- The indicator continues to be curbed by the increase in prices, which is affected by rising energy costs, and by the less favourable opinions of households and firms about the economy.
- 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.
- As of January 2021, a new version of the indicator has been released, which incorporates some revisions to the database and to the sample on which our estimates are based. More information has been included regarding services – a sector whose importance has increased in terms of value added in the euro area
- Next €-coin release dates: Wednesday, 2 March and Friday, 1 April (provisional).
€-coin and euro-area GDP – January2022
Source: Bank of Italy and Eurostat.
Note: The €-coin series is based on the real time estimates of the indicator at a given date and hence the series is not revised. On the other hand, the GDP growth rates are calculated on the basis of Eurostat’s most recently published series and do reflect any changes in the historical data.
More information is available at http://eurocoin.cepr.org/