Cyclical coincident indicator of the Italian economy (Ita-coin)
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The Bank of Italy produces a cyclical coincident indicator for the Italian economy called Ita-coin, which provides monthly real-time estimates of the trend in economic activity, drawing on a large number of variables, both quantitative (industrial output, inflation, retail sales, trade flows, stock market indices) and qualitative (household and business confidence, PMI indicators).
Ita-coin is used for purposes similar to those of €-coin, which was developed for the euro area and distributed jointly with the Centre for Economic Policy Research (CEPR). The monthly estimates of Ita-coin are only marginally affected by data revisions and tend to remain stable even when fluctuations in economic activity are very pronounced.
Data
- Ita-coin - September 2023xlsx 15.1 KB Publish date::29 September 2023
Publications
Analysis and methodology
Box in Economic Bulletin 2 / 2015 "Ita-coin: a coincident indicator of the Italian economic cycle"
- No. 703 - Tracking economic growth in real time during the pandemic: a rationale for a revision of Euro-coin by Valentina Aprigliano, Simone Emiliozzi and Marco Lippi Questioni di Economia e Finanza (Occasional papers) Publish date::20 June 2022
- No. 935 - Ita-coin: a new coincident indicator for the Italian economy by Valentina Aprigliano and Lorenzo Bencivelli Temi di discussione (Working papers) Publish date::28 October 2013
- No. 436 - A real time coincident indicator of the euro area business cycle by F. Altissimo, A. Bassanetti, R. Cristadoro, M. Forni, M. Lippi, L. Reichlin, G. Veronese Temi di discussione (Working papers) Publish date::01 December 2001