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 turns positive in March

  • €-coin rose for the second consecutive month in March, to 0.15 from -0.31 in February, turning positive for the first time since the beginning of 2023.
  • The growth in the indicator mainly reflected the positive growth in share prices and the recovery of the qualitative indicators for economic activity.


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Analysis and methodology

New Eurocoin: A Tutorial Note