€-coin rises in January
Friday, January 31, 2020
- €-coin returned to levels last recorded in February 2019, rising from 0.16 in December to 0.25 in January, while continuing to point to modest growth in the euro area, as it has since the start of 2019.
- The indicator benefited mainly from a) the favourable trend in interest rates, which more than offset the persistent pessimism of manufacturing firms and b) from the positive signals coming from the trend in household spending.
- 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, 28 February and Tuesday, 31 March (provisional).
€-coin and euro-area GDP – January 2020
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/