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.

Please follow and like us:

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

See author's posts