€-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 falls in March
- In March, €-coin - based on a set of variables, some of which were measured prior to the conflict in the Persian Gulf - slightly fell to 0.48 (from 0.54 in February)..
- The decline in the indicator - which remains at high levels - was driven by worsening industrial production data and falling stock prices.
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