Cyclical coincident indicator of the euro area economy (€-coin)

€-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 in July

  • €-coin rose to 0.36 in July, from 0.26 in June.
  • The indicator benefited from the improvement in the qualitative indicators for confidence for both consumers and service and manufacturing firms.

indicator-eurocoin

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