By Laura Contemori – ROME (Econostream) – The Bank of Italy's €-coin indicator, a measure of underlying euro area economic growth, declined to 0.45 in May 2026 from 0.52 in April, according to a joint release by the Bank of Italy and the Centre for Economic Policy Research (CEPR) on Thursday.

The decrease reflects weaker confidence among both households and businesses, influenced by softening demand and ongoing pressures on supply chains, the institutions said.

In May 2025, the €-coin stood at 0.26.

The €-coin provides a real-time estimate of current euro area economic conditions, expressed as quarterly GDP growth after stripping out more erratic components such as seasonality, measurement errors and short-term volatility.

The next €-coin releases are scheduled for July 2 and August 4, 2026 (to be confirmed).