€-coin falls in March but stays close to historically high levels

Friday, March 30, 2018
  • In March €-coin fell for the first time since May last year (0.89; 0.96 in February), though it remained around the highest levels recorded since 2006. 
  • The indicator was affected by the slowdown in industrial activity and, in particular, by the deterioration in business confidence, as well as by the downward correction 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 27 April and Thursday 31 May (preliminary).

€-coin and euro-area GDP – March 2018

Sources: Bank of Italy and Eurostat.

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