€-coin remains at high levels in February

Wednesday, February 28, 2018
  • In February €-coin was practically unchanged (at 0.96 from 0.95 in January), remaining at historically high levels.   
  • The positive trend in area-wide industrial activity was offset by the slight fall in confidence on the part of firms and households.
  • 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 March and Friday 27 April (preliminary).

€-coin and euro-area GDP – February 2018

Sources: Bank of Italy and Eurostat.

More information is available at http://eurocoin.cepr.org/