€-coin falls in July

Friday, July 27, 2012
  • The €-coin index fell to -0.24% in July from -0.17% in June, confirming the current cyclical weakness of the euro-area economy.
  • The deterioration was due principally to the negative results of surveys of businesses and households.
  • 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 31 August and Friday 28 September (provisional).
Attachments: 
PDF icon EuroCOIN Press Release July 2012.pdf