€-coin indicator: December 2012

In December the €-coin indicator remained stable

In December the €-coin indicator remained substantially stable, at negative levels, for the fifth month running (‑0.27%, as against -0.29% in November). The indicator was buoyed up by the results of the business opinion surveys conducted, which were less unfavourable than in the past, and by the easing of the tensions on financial markets; on the other hand the indicators of activity in the manufacturing sector continued to be weak.