Strengthened improvement in the €-coin indicator in December

Thursday, December 29, 2016


  • In December, €-coin recorded its seventh consecutive increase (to 0.59 from 0.45 in November), the highest level recorded since spring of 2011.
  • The indicator has benefitted from improvements in consumer and business confidence and from increased pipeline pressures on inflation.
  • 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 27 January and Friday 24 February (preliminary).


€-coin and euro-area GDP – December 2016

Sources: Bank of Italy and Eurostat.

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