€-coin remains high in October

Wednesday, October 31, 2018
  • In October €-coin increased slightly to 0.54 (from 0.52 in September), signalling the ongoing expansion in the euro area’s GDP in the last part of the year.
  • The indicator continues to be driven by gradually stronger price dynamics, notwithstanding the persistent decline in 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, 30 November and Friday, 21 December (preliminary).

€-coin and euro-area GDP – October 2018

Sources: Bank of Italy and Eurostat.

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