€-coin points to a stabilization in economic activity in October
- In October €-coin rose to -0.02 (from -0.31 in September), indicating that the underlying trend of the euro-area economy is one of virtual stagnation.
- The ongoing recovery in manufacturing and consumption more than offset signs of weakening in share prices and in business and consumer confidence connected with the new wave of the pandemic.
- 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 November and Wednesday, 30 December (provisional).
€-coin and euro-area GDP – October 2020
Source: Bank of Italy and Eurostat.
Note: The €-coin series is based on the real time estimates of the indicator at a given date and hence the series is not revised. On the other hand, the GDP growth rates are calculated on the basis of Eurostat’s most recently published series and do reflect any changes in the historical data.
More information is available at http://eurocoin.cepr.org/