News April 2012

·

In April the recovery in the €-coin indicator came to a halt

 

·        In April the €-coin indicator worsened slightly, declining to ‑0.08% from ‑0.03% in March, and interrupting the improvement that had been under way since the beginning of the year.

·        This result reflects the downturn in share prices and the deterioration in consumer and business confidence, offset in part, however, by the growth in exports.

        

€-coin: the Euro Area Economy in One Figure – April 2012  

 
 The most recent real-time figures are:
Date
€-coin
Date
€-coin
Jan-11
0.48
Sep-11
0.03
Feb-11
0.57
Oct-11
-0.13
Mar-11
0.57
Nov-11
-0.20
Apr-11
0.60
Dec-11
-0.20
May-11
0.62
Jan-12
-0.14
Jun-11
0.52
Feb-12
-0.06
Jul-11
0.45
Mar-12
-0.03
Aug-11
0.22
Apr-12
-0.08
  
 
Click xls to download the excel file containing data or csv to download the comma separated version. 
 
For a more detailed analysis see the €-coin ANALYSIS section, for an overview of the recent behaviour of the series on which €-coin is based see the Euro area at a glance section. To see €-coin "in action" in a realtime simulation starting in December 2003 click here: See €-coin in real time
€-coin in brief
€-coin is a real-time, monthly estimate of area-wide GDP growth, computed each month by the staff of the Banca d’Italia. It provides a single number summarizing the current economic picture for the euro area.
€-coin collates a large collection of statistical data (industrial production, business surveys, stock market and financial data, demand indicators, and more) and extracts the information that is relevant to forecast GDP. It tracks underlying GDP growth, preceding official GDP releases by several months. Essentially, the index:
 
(i)                 gives a monthly “smoothed” estimate of quarter-on-quarter GDP growth in the euro area;
(ii)                highlights the underlying trend by adjusting the growth rate for short-term fluctuations and measurement errors; that is, the index figure is an indicator of the euro area’s actual growth momentum.
For more information, see “New Eurocoin: tracking economic growth in real time”, Banca d’Italia, Temi di Discussione N.631. http://www.bancaditalia.it/pubblicazioni/econo/temidi/td07/td631_07/td631 or CEPR Discussion Paper, No. 5633. http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=5633