In January €-coin continues to recover strongly
Friday, January 27, 2017
- €-coin rose to 0.68 in January from 0.59 in December, confirming the recovery under way since July 2016.
- The indicator was boosted by the increase in share prices and by firms’, especially manufacturing firms, favourable judgments on their current business activity, as well as by the positive performance of industrial production.
- 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 24 February and Friday 31 March (preliminary).
€-coin and euro-area GDP – January 2017
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/