€-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 holds steady in June
- €-coin was unchanged from the previous month, at 0.26 in June, continuing to signal modest growth in the euro area
- The slight recovery in business confidence in services and construction was countered by the decline in industrial production.
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