€-coin remained broadly unchanged in May

• €-coin remained stable at 0.26 in May, compared with 0.25 in the previous month.
• Its performance benefited from the growth in industrial production and from the moderate recovery in household confidence, despite being affected by the deterioration in the qualitative indicators for service firms.
• The €-coin indicator developed by Banca d’Italia 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 Banca d’Italia and CEPR.
• The next publication dates for €-coin are Thursday, 3 July 2025 and Monday, 4 August 2025 (to be confirmed).

More information: Cyclical coincident indicator of the euro area economy (€-coin)