The moderate recovery in €-coin continued in September

Friday, September 30, 2016


  • In September the €-coin indicator recorded a new, slight increase, to 0.34 from 0.32 in August, returning to the level reported in March.
  • The effects deriving from the recent improvement in the stock markets, after the high volatility seen in the preceding months, offset the fall in industrial production and the persisting weakness in price dynamics.
  • 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: Thursday 3 November and Wednesday 30 November (preliminary).


€-coin and euro-area GDP – September 2016

Sources: Bank of Italy and Eurostat.

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