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 declines in October
- In October, €-coin dropped significantly (to -0.67, from -0.18 in September), confirming the underlying weakness of euro-area activity.
- This decline is due to a deterioration in financial, demand and business confidence indicators.
Press release
- Eurocoin indicator: October 2023pdf 400.6 KB Publish date::06 November 2023
- Eurocoin indicator: September 2023pdf 573.0 KB Publish date::29 September 2023
- Eurocoin indicator: August 2023pdf 305.6 KB Publish date::01 September 2023
- Eurocoin indicator: July 2023pdf 309.6 KB Publish date::03 August 2023
- Eurocoin indicator: June 2023pdf 319.7 KB Publish date::05 July 2023
- Eurocoin indicator: May 2023pdf 275.1 KB Publish date::31 May 2023
- Eurocoin indicator: April 2023pdf 378.5 KB Publish date::04 May 2023
- Eurocoin indicator: March 2023pdf 296.4 KB Publish date::31 March 2023
- Eurocoin indicator: February 2023pdf 320.9 KB Publish date::02 March 2023
- Eurocoin indicator: January 2023pdf 294.9 KB Publish date::03 February 2023
- Eurocoin indicator: December 2022pdf 468.4 KB Publish date::05 January 2023
- Eurocoin indicator: November 2022pdf 299.9 KB Publish date::02 December 2022
Data
- Eurocoin realtimexls 51.0 KB Publish date::06 November 2023
Analysis and methodology
- €-Coin and the growth outlook for the euro areapdf 391.1 KB 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
