€-coin falls again in May
- €-coin fell from -0.13 in April to -0.32 in May, reaching its lowest level since September 2012.
- The negative news on the performance of the economy following the outbreak of the COVID-19 epidemic gathered strength, particularly regarding the sharp fall in industrial production.
- 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, 30 June and Friday, 31 July (provisional).
€-coin and euro-area GDP – May 2020
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/