In September the final figure of €-coin is well below the forecast.
Friday, September 28, 2018
- In September €-coin returned to growth (rising to 0.52 from 0.47 in August), following seven months of decline or stagnation.
- The positive contribution of gradually improving price dynamics prevailed over the brake exerted by the deterioration in manufacturing business 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, Wednesday, 31 October and Friday, 30 November (preliminary).
€-coin and euro-area GDP – September 2018
Sources: Bank of Italy and Eurostat.
More information is available at http://eurocoin.cepr.org/