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Euro
Area Outlook Stable
The latest value of the EuroCOIN indicator released by CEPR shows:
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Euro
area business cycle conditions remain largely stable this month.
EuroCOIN™ has increased slightly from a quarterly rate of 0.333 in
October to a rate of 0.355 in November.
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The
new estimates from EuroCOIN™ confirm, with minimal revisions, what
was suggested by the preliminary figures published last month: the euro
area economy, after a clear deceleration of growth in June, July and
August, has not given a clear signal of a continuation of the
slowdown or a reversal of the decline in growth. Growth rates are
stable and still positive, but below the 1986-2002 average.
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An
analysis of the variables composing the index shows that signs of an
improvement in economic conditions with respect to October come from
industrial production, survey variables and the financial sector.
Labour market conditions, on the other hand, are worsening.
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 monthly 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 2919, Mobile: 07740 519 225 or email
rlonie@cepr.org
For more information: http://www.cepr.org/data/eurocoin
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