In December the €-coin indicator remained stable

Friday, December 28, 2012
  • In December the €-coin indicator remained substantially stable, at negative levels, for the fifth month running (‑0.27%, as against -0.29% in November).
  • The indicator was buoyed up by the results of the business opinion surveys conducted, which were less unfavourable than in the past, and by the easing of the tensions on financial markets; on the other hand the indicators of activity in the manufacturing sector continued to be 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 25 January and Friday 22 February (provisional).
Attachments: 
PDF icon EuroCOIN Press Release December 2012.pdf