News January 2012

€-coin picks up slightly in January

 

 ·      €-coin picked up slightly from -0.20% in December to -0.14% in January, rising for the first time since last May.

·        This was mainly due to the improvement in some of the indicators emerging from business and consumer surveys and, to a lesser extent, to the modest improvement in share prices.

 

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

 

 The most recent real-time figures are:

Date
€-coin
Date
€-coin
Oct-10
0.41
Jun-11
0.52
Nov-10
0.45
Jul-11
0.45
Dec-10
0.49
Aug-11
0.22
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

  

 
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