€-coin falls in June

Thursday, June 28, 2012
  • In June the €-coin index declined from -0.03% to -0,17%, indicating a further worsening of cyclical economic difficulties.
  • The decline is due principally to the markedly worse results of opinion surveys of firms and households and, to a lesser extent, to trends in share prices.
  • The €-coin database has been modified to take account of the new method of calculating the OECD’s Composite Leading Indicators introduced in April. This resulted in a delay in the publication of some statistical series. To ensure timely data, beginning in May €-coin has used the amplitude-adjusted version of the OECD leading indicators, which is available in advance of the trend-restored version used previously. The estimate of €-coin for May has accordingly been slightly revised (see table).
  • 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 (provisional).
Attachments: 
PDF icon EuroCOIN Press Release June 2012.pdf