€-coin rises in November

27 November 2020

€-coin rose in November to 1.18.

The rise in the indicator essentially reflects the inclusion in the calculation of the GDP data for the third quarter, for which the estimate became available after the release of the €-coin figure for October.

In the current phase, the indicator reflects only partially the link between the COVID-19 pandemic and economic activity, both when GDP falls and when it picks up,  because the dataset contains limited information on the service sector, especially for tourism, hotel and recreational services, among the hardest hit by the pandemic.

Annexes

  1. 27 November 2020
    Eurocoin indicator: November 2020
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