Coincident indicator down in June

The Central Bank's Coincident Indicator, an index of economic activity, reached 261 points in June, compared to 261.8 in June last year. This is the indicator’s third decline this year after it dropped by six percent in January and by three percent in May. The indicator reached an all-time high of 273.7 points in April 2012.

The indicator is a monthly estimate of the Gross Domestic Product (GDP). It is an average of eight weighted economic indicators: electricity production, cement deliveries, cleared checks, money supply M3, passengers’ flows, imports of petroleum derivatives, imports and exports.