€-coin falls in August to -0.33%

Friday, August 31, 2012
  • In August €-coin fell to -0.33% from -0.24% in July.
  • The deterioration was due principally to the growing pessimism of businesses and households, only partially offset by the rise in share prices.
  • 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 Friday 26 October (provisional).
Attachments: 
PDF icon EuroCOIN Press Release August 2012.pdf