€-coin decreases in March
Tuesday, March 31, 2020
- €-coin decreased in March, to 0.13, from 0.28 in February.
- The indicator does not yet capture the full scale of the impact on economic activity of the ongoing pandemic, as only a small subset of the data available for March that were used for its construction refers to the latest developments.
- The reduction in €-coin observed so far only reflects the initial effects of the fall in share prices and the widespread deterioration in business and consumer confidence that occurred in the second half of March in connection with the spread of the pandemic across euro-area countries
- 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, 30 April and Friday, 29 May (provisional).
€-coin and euro-area GDP – February 2020
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/