Euro-Coin Index: Still Recession in Europe

The October reading from the Euro-Coin index, a private expansion/contraction model developed by CEPR, is still pointing towards contraction across Europe.  The latest reading of -0.29 is slightly improved from the September reading of -0.32, but still contracting.  The recent readings are the worst since 2009 and consistent with the view that Europe remains mired in a deep economic hole.  CEPR has a bit more:

€-coin continues to stagnate in October at a negative level

  •  In October €-coin was at -0.29 % (-0.32% in September).
  •   The deeper pessimism recorded by the surveys largely offset the positive contribution arising from recent developments in manufacturing.

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

More Posts - Website

Follow Me:
TwitterLinkedIn