The €-coin indicator fell from 0.71 in October to 0.16 in November, close to the levels recorded in the final part of 2020, pointing to a significant slowdown in economic activity.
The indicator has been affected by the deterioration in consumer and business confidence, the acceleration in production prices, especially for energy production, and the worsening macroeconomic outlook, mainly associated with the renewed outbreak of the pandemic and reflected in the performance of the financial markets.
