€-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 in May (from 0.52 to 0.45).
- The indicator was affected by the low levels of consumer and business confidence, partly due to weakening demand and to pressures on supply chains.
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