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.

-------------------------------------------------------------------------------------------------------------------

Got a comment or question about this post? Send me a message on Twitter or send me an email here and I'll get back to you shortly.

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