€-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 increased further in August
- The €-coin rose to 0.47 in August (from 0.36 in July).
- The new rise in the indicator was mainly influenced by the further improvement in qual-itative indicators for industry, including forward-looking indicators, and the stability of those for services.
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