Bank of Italy said, in May €-coin indicator rose slightly to 0.20 (from 0.18 in April), following six consecutive decreases. The indicator benefited from the favourable performance of car registrations and retail sales, as well as from the moderate recovery in business and consumer confidence; conversely, the contribution of industrial activity remains weak.

The €-coin indicator developed by the Bank of Italy provides a summary index of the current economic situation in the euro area. The indicator is an estimate of quarterly GDP growth shorn of the most erratic components (seasonal variations, measurement errors and short-run volatility). €-coin is published monthly by the Bank of Italy and CEPR.