(Finance) – In October, the Eurocoin remained essentially stable, at 0.18 from 0.14 in September. The Bank of Italy announced this, adding that the indicator was supported by the stability of the labor market, while it was held back by the persistent weakness of business confidence indicators.
Eurocoin – developed by the Bank of Italy – provides a real-time synthetic estimate of the current economic situation in the euro area, expressing this indication in terms of the quarterly growth rate of GDP stripped of the most erratic components (seasonality, errors measurement and short-term volatility).
It is published monthly by the Bank of Italy and the CEPR.