€-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 slightly in January
- €-coin fell slightly to 0.49 in January (from 0.52 in December), but the ongoing phase of cyclical expansion within the euro area is confirmed.
- The performance of the indicator reflects a softening of positive signals in the service sector, as reported by qualitative surveys.
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