€-coin increases in November
Thursday, November 30, 2017
• In November €-coin rose to 0.84 (from 0.72 in October), returning to a level similar to that recorded in April 2007.
The indicator is buoyed by the marked improvement in business confidence and by the consolidation 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: Friday 29 December and Wednesday 31 January (preliminary).
€-coin and euro-area GDP – November 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/