€-coin worsens slightly in June
- In June €-coin fell to -0.37 (from -0.32 in May)..
- The indicator continued to be affected by the contraction in industrial production notwithstanding the improvement in business and consumer confidence..
- 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, 31 July and Friday, 28 August (provisional).
€-coin and euro-area GDP – June 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/