Cyclical coincident indicator of the euro area economy (€-coin)
Vai alla versione italiana Site Search€-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 decreases in May
- €-coin fell further into negative territory in May (to -0.42, from -0.15 in April).
- This development reflects the decline in industrial production and in the qualitative indicators regarding business activity.
Press release
- 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
- Eurocoin indicator: October 2022pdf 383.3 KB Publish date::04 November 2022
- Eurocoin indicator: September 2022pdf 759.6 KB Publish date::03 October 2022
- Eurocoin indicator: August 2022pdf 313.8 KB Publish date::05 September 2022
- Eurocoin indicator: July 2022pdf 293.1 KB Publish date::05 August 2022
- Eurocoin indicator: June 2022pdf 275.6 KB Publish date::04 July 2022
- Eurocoin indicator: May 2022pdf 321.1 KB Publish date::01 June 2022
- Eurocoin indicator: April 2022pdf 296.9 KB Publish date::06 May 2022
- Eurocoin indicator: March 2022pdf 296.0 KB Publish date::01 April 2022
Data
- Eurocoin realtimexls 50.5 KB Publish date::31 May 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
- No. 935 - Ita-coin: a new coincident indicator for the Italian economy by Valentina Aprigliano and Lorenzo Bencivelli Temi di discussione (Working papers) Publish date::28 October 2013