€-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 rises further in August
- €-coin increased markedly in August, to 0.84 (from 0.54 in July).
- The indicator was driven upwards by the improvement in households' and firms' expectations, as well as by the positive performance of financial markets.
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