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EuroCOIN Signals Stagnation in February

The latest value of the EuroCOIN™ indicator released by the Centre for Economic Policy Research (CEPR) shows:

  • In February 2003, the euro area business cycle conditions remained mainly stable. CEPR’s EuroCOIN indicator has hovered around an average quarterly reading of 0.300 that, although positive, is below the 1986-2002 average.

  • Euro area cyclical conditions since August 2001 can be described as follows: cyclical growth began to decline in August 2001, before the September 11th terrorist attack. Growth was then negative from September to November when it reached a trough. From December 2001 to April 2002, the euro area had five months of positive and accelerating growth, but since then, cyclical growth has fallen before stabilizing around a lower average growth rate.

Contact Information:

For interview requests and further information about CEPR please contact CEPR Press Officer Robbie Lonie, Tel: +44 (0) 20 7878 2919, Mobile: +44 (0) 7740519225 or email rlonie@cepr.org.

The Centre for Economic Policy Research (CEPR): CEPR was founded in 1983, with the belief that policy decisions should be informed by sound economic analysis, based on fundamental theory. CEPR’s network of nearly 600 affiliated researchers, comprising the top economists in Europe and beyond, collaborate through the Centre to conduct research on issues affecting the European economy. CEPR secures and administers funding grants for researcher projects, and disseminates their results. The Centre’s wide-ranging research includes open economy macroeconomics, international trade, financial economics, labour economics, industrial organization, public policy, and economic institutions.

Who produces the Indicator? EuroCOIN is produced monthly by CEPR and constructed by a team of academic researchers associated with CEPR. The members of the EuroCOIN team are: 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 Hallin (ECARES, Universite Libre de Bruxelles), Marco Lippi (Universita di Roma), Lucrezia Reichlin (ECARES, Universite Libre de Bruxelles and CEPR), Giovanni Veronese (Banca d'Italia)

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

 
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