€-coin indicator’s gradual recovery came to a halt in May
Friday, May 31, 2013
€-coin indicator’s gradual recovery came to a halt in May
For immediate release: 08.30 BST; 09.30 CET; Friday, 31 May 2013
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The €-coin indicator fell slightly in May, from -0.10% to -0.15%, the first decrease since August 2012.
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Contributory factors included the weak signals regarding foreign trade and the performance of GDP in the first quarter of 2013. These were offset in part by the indications provided by household and business opinion surveys, which were broadly less unfavourable.
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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).
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€-coin is published monthly by the Bank of Italy and CEPR.
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Next €-coin release dates: Friday 28 June and Friday 26 July (provisional)
For more information on the indicator, visit the Eurocoin website.
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