The latest value of the EuroCOIN™ indicator released by the Centre for Economic Policy Research (CEPR) shows:
- CEPR’s EuroCOIN reading for June 2005 points to a slowdown of economic activity for the 12 countries that make up the euro area. The upturn signals given for March and April have been more than offset by a decrease in the May and June readings for EuroCOIN, indicating that the direction of euro area economic growth remains uncertain.
- In the euro area, the cyclical component of quarterly GDP growth decreased from 0.329 in May to 0.242 in June. This is the lowest EuroCOIN reading since December 2001. The May figure has been revised downwards.
Robbie Lonie | alfa
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