€-coin stabilizes in March, at a barely negative level

Friday, March 30, 2012
  • In March €-coin rose slightly for the third month running to a barely negative level (-0.03% compared with -0.06% in February).
  • This result reflects the positive trend in share prices and the slight expansion in industrial activity, in part offset by the findings of business surveys, which indicate that economic conditions are still weak.
  • 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 27 April and Friday 25 May (provisional).
Attachments: 
PDF icon EuroCOIN Press Release March 2012.pdf