€-coin gains ground in July, but remains at very low levels
Wednesday, July 31, 2019
- In July €-coin rose slightly to 0.21 (from 0.14 in June); however, as it has done since the start of 2019, it continues to signal modest growth in the euro area.
- The indicator benefited from the improvement in consumer confidence and the rise in new car registrations, while it continues to be held back by the weak industrial cycle and sluggish foreign trade.
- 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, 30 August 2019 and Friday, 27 Spetember 2019 (provisional).
€-coin and euro-area GDP – July 2019
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/