In June the €-coin index declined from -0.03% to -0,17%, indicating a further worsening of cyclical economic difficulties. The decline is due principally to the markedly worse results of opinion surveys of firms and households and, to a lesser extent, to trends in share prices.
The €-coin database has been modified to take account of the new method of calculating the OECD's Composite Leading Indicators introduced in April. This resulted in a delay in the publication of some statistical series. To ensure timely data, beginning in May €-coin has used the amplitude-adjusted version of the OECD leading indicators, which is available in advance of the trend-restored version used previously. The estimate of €-coin for May has accordingly been slightly revised (see table).
