€-coin decreases slightly in August
Friday, August 31, 2018
- In August €-coin fell marginally (to 0.47, from 0.49 in July), confirming the substantial stability recorded since June.
- The indicator was affected by the weak industrial cycle and the worsening of consumer and manufacturing industry confidence.
- 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, 28 September and Wednesday, 31 October (preliminary).
€-coin and euro-area GDP – August 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/