€-coin fell again in May but remains at high levels
Thursday, May 31, 2018
- In May €-coin fell to 0.55 (from 0.76 in April), marking the third decline in a row following a long series of gains.
- The indicator continues to be affected by the decline in business confidence and the weakening of the industrial cycle.
- 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: Thursday, 28 June and Friday, 27 July (preliminary).
€-coin and euro-area GDP – May 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/