€-coin turns upward again in June
Friday, June 30, 2017
- In June €-coin rose slightly to 0.62, from 0.60 in May, pointing to a continuing robust expansion of activity in the euro area.
- The positive contributions stemming from persistent business optimism and the favourable performance of the labour market were only partly offset by the negative effects of the appreciation of the euro against the dollar.
- 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 July and Friday 25 August (preliminary).
€-coin and euro-area GDP – June 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/