€-coin gains ground in July, but remains at very low levels

In July €-coin rose to 0.21 (from 0.14 in June); however, as it has done since the start of 2019, it continues to signal modest growth in the euro area.

The indicator benefited from the improvement in consumer confidence and the rise in new car registrations, while it continues to be held back by the weak industrial cycle and sluggish foreign trade.

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