Slight increase in €-coin in July

In July, the €-coin indicator increased slightly for the second consecutive month, rising to 0.31 from 0.29 in June.

The qualitative indicators (especially those relating to businesses) and the favourable labour market trends under way outweighed the weakness in the industrial production indices. The fall in prices in the financial markets that initially followed the outcome of the referendum in the United Kingdom was partially reabsorbed in the second half of the month.