The Bank of Italy published its June €-coin reading showing a further decline to 0.39 from 0.45 in May. The indicator, which provides a summary measure of current economic conditions in the euro area and an estimate of quarterly gross domestic product growth stripped of erratic components, remained weighed down by weak business and consumer confidence. €-coin is produced monthly by the Bank of Italy and the Centre for Economic Policy Research using a broad set of macroeconomic series, including industrial production, surveys, demand indicators and stock market indices. It is designed to give an early signal of the underlying trend in euro-area GDP growth ahead of Eurostat’s official figures. Over the past year, the indicator had risen as high as 0.54 in February 2026 before easing to 0.39 in June. The next €-coin publications are scheduled for 4 August and 2 September, subject to confirmation.
Bank of Italy2026-07-02
Bank of Italy reports euro-area €-coin indicator fell to 0.39 in June on weak confidence
The Bank of Italy said the euro-area €-coin indicator fell again in June, to 0.39 from 0.45 in May. Weak business and consumer confidence continued to weigh on the measure, which tracks the underlying trend in euro-area GDP growth. The next releases are scheduled for 4 August and 2 September, subject to confirmation.