€-coin turns upwards slightly in September, but remains negative
- In September €-coin turned upwards (to -0.31, from -0.64 in August), after decreasing for six consecutive months, to reach the levels recorded last spring
- The indicator benefited from the improvement in consumer and business confidence and the more favourable developments in non-durable goods consumption.
- 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, 30 October and Friday, 27 November (provisional).
€-coin and euro-area GDP – September 2020
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/