€-coin rises in March

The €-coin indicator rose again in March (to 0.77 from 0.59 in February). It should however be noted that given the date of publication of the data, some of the indicator's underlying variables refer to periods prior to Russia's invasion of Ukraine.

The resilience of business confidence and the recovery in equity prices are factors contributing to the positive trend of the indicator and there are also signs that demand is holding up.