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.

indicator-eurocoin

Press release

Data

Analysis and methodology

New Eurocoin: A Tutorial Note