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Eurocoin indicator improves for third month
Eurocoin
indicator, a measure of economic climate in the euro area, rose for a third
consecutive month in February to its highest level in eight months, survey data
from the Bank of Italy and the think tank CEPR showed Thursday.
The
eurocoin indicator, designed to reflect the current economic situation in the
Eurozone, climbed to -0.20 from January's -0.23. The score is the highest since
June last year.
The modest
improvement is ascribable chiefly to the favorable results of the surveys on
industrial firms' confidence, the report said.
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