€-coin decreased further in August (to 0.23 from 0.38 in July).
The deterioration in the indicator was mainly due to the decline in business confidence and the decrease in equity prices.
The €-coin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). €-coin is published monthly by the Bank of Italy and CEPR.
Next €-coin release dates: Monday, 3 October and Friday, 4 November (provisional).