€-coin rises again in February
Friday, February 24, 2017
- The €-coin indicator rose for the ninth consecutive month in February (to 0.75 from 0.68 in January), reaching its highest level since early 2010.
- Sustained stock market growth and the elimination of downward pressures on consumer prices were the main drivers of the gain in the indicator. It was also boosted by renewed 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 31 March and Friday 28 April (preliminary).
€-coin and euro-area GDP – February 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/