€-coin rises in February
- In February, based on a set of variables mostly recorded prior to the invasion of Ukraine by Russia, €-coin rose (to 0.59 from 0.01). .
- The indicator was driven upward both by the improvement in firms’ assessments of the economy and by the recovery in industrial production.
- 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.
- As of January 2021, a new version of the indicator has been released, which incorporates some revisions to the database and to the sample on which our estimates are based. More information has been included regarding services – a sector whose importance has increased in terms of value added in the euro area
- Next €-coin release dates: Friday, 1 April and Friday, 6 May (provisional).
€-coin and euro-area GDP – February 2022
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/