Cyclical coincident indicator of the euro area economy (€-coin)
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€-coin is a cyclical coincident indicator of euro-area economic activity that is updated in real time and released monthly. As such, it offers a monthly and timely estimate of the current state of the economy, free of short-term fluctuations.
The indicator draws on a large number of economic variables (industrial production, business surveys, stock market and financial data, demand indicators, and more) and extracts the information needed for forecasting medium- to long-term GDP growth.
It is published in collaboration with the Centre for Economic Policy Research (CEPR).
€-coin remained broadly unchanged in May
- €-coin remained stable at 0.26 in May, compared with 0.25 in the previous month
- Its performance benefited from the growth in industrial production and from the moderate recovery in household confidence, despite being affected by the deterioration in the qualitative indicators for service firms.
Press release
- Eurocoin indicator: May 2025pdf 286.2 KB Publish date::04 June 2025
- Eurocoin indicator: April 2025pdf 298.5 KB Publish date::05 May 2025
- Eurocoin indicator: March 2025pdf 768.4 KB Publish date::03 April 2025
- Eurocoin indicator: February 2025 pdf 296.2 KB Publish date::05 March 2025
- Eurocoin indicator: January 2025pdf 497.0 KB Publish date::05 February 2025
- Eurocoin indicator: December 2024pdf 497.9 KB Publish date::09 January 2025
- Eurocoin indicator: November 2024pdf 318.4 KB Publish date::04 December 2024
- Eurocoin indicator: October 2024pdf 312.2 KB Publish date::06 November 2024
- Eurocoin indicator: September 2024pdf 313.1 KB Publish date::04 October 2024
- Eurocoin indicator: August 2024pdf 334.2 KB Publish date::04 September 2024
- Eurocoin indicator: July 2024pdf 318.2 KB Publish date::02 August 2024
- Eurocoin indicator: June 2024pdf 313.9 KB Publish date::28 June 2024
- Eurocoin indicator: May 2024pdf 323.4 KB Publish date::03 June 2024
Data
- Eurocoin realtimexlsx 16.3 KB Publish date::04 June 2025
Analysis and methodology
- €-Coin and the growth outlook for the euro areapdf 391.1 KB by Ignazio Visco Deputy Director General Publish date::20 September 2007
- 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
- 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
