€-coin rises again in January
Wednesday, January 31, 2018
- In January €-coin continued to rise, to 0.95 from 0.91 in December, reaching its highest level since June 2000.
- The indicator was buoyed by the growing optimism of households and firms, which proved stronger than the brake exerted by the appreciation of the exchange rate.
- 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: Wednesday 28 February and Friday 30 March (preliminary).
€-coin and euro-area GDP – January 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/