€-coin indicator continues its upswing
Friday, February 27, 2015
The €-coin indicator gained for the third straight month in February, rising from 0.16 to 0.23.
The rise was due in part to the moderate expansion of economic activity registered in the fourth quarter of last year and in part to a broad-based improvement in household and business confidence.
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 March and Thursday 30 April (preliminary).
More information is available at http://eurocoin.cepr.org
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