€-coin falls again in June

Thursday, June 28, 2018
  • In June €-coin fell to 0.48 (from 0.55 in May), the lowest level since November 2016.
  • Greater caution on the part of households and firms and the weak industrial cycle continue to hold back the indicator, which has also begun to feel the effects of the slowdown in global trade.
  • 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, 27 July and Friday, 31 August (preliminary).

€-coin and euro-area GDP – June 2018

Sources: Bank of Italy and Eurostat.

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