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 remains broadly unchanged in June

  • In June, €-coin stood at a level close to that of the previous month (0.16, from 0.18 in May).
  • The indicator continued to be affected by the weakness of industry, which was offset by an improvement in the confidence of households and services firms.


Press release


Analysis and methodology

New Eurocoin: A Tutorial Note