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EuroCOIN Indicator Signals Fifth Month of Economic Growth

The latest value of the EuroCOIN indicator released by CEPR shows: 

  • For the fifth month in a row, the Euro Area economy showed positive growth in April. Growth has continued to rise after a brief pause in March. EuroCOIN rose to 0.509 in April from revised 0.404 in March and 0.427 in February. The new figure confirms the positive trend started in December 2001.

  • EuroCOIN now shows that economic activity in the Euro Area is growing at a rate only slightly lower than the average rate over the last fifteen years. The contribution of surveys and financial variables to the indicator is positive. The contribution of industrial production and employment variables is still negative, but has improved slightly since March.

  • Between December 2000 and November 2001 EuroCOIN fell and in September 2001 became negative for the first time since the end of 1995. In December 2001 the indicator showed an upturn. This positive signal was confirmed by the positive figures for January, February, March and April 2002. In March economic growth fell slightly, but the positive trend was restored in April.

  • Newly available data have led to a small upward revision of EuroCOIN for January and February, and a small downward revision for March.

Notes for Editors:

CEPR is an international network of 600 Research Fellows based mainly in Europe, who collaborate through the Centre in research and its dissemination. CEPR helps its Research Fellows to develop projects, obtain their funding, administer them and disseminate their results. The Centre's research ranges from open economy macroeconomics to trade policy, from the economic transformation of Central and Eastern Europe to regionalism in the world economy.

Who produces the Indicator? EuroCOIN is published on the 28th of each month by CEPR and constructed by a team of academic researchers associated with CEPR.  The team comprises: Filippo Altissimo (Banca d'Italia and CEPR), Antonio Bassanetti (Banca d'Italia),Riccardo Christadoro (Banca d'Italia), Mario Forni (Universita di Modena and CEPR), Marc Hellin (ECARES, Universite Libre de Bruxelles), Marco Lippi (Universita di Roma), Lucrezia Reichlin (ECARES, Universite Libre de Bruxelles and CEPR), Giovanni Veronese (Banca d'Italia)

Contact Information:

For interview requests and further information about CEPR please contact CEPR Press Officer Robbie Lonie, Tel: (44 020) 7878 2918, Mobile: 07740519225 or email rlonie@cepr.org

For more information: http://www.cepr.org/data/eurocoin

 
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