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Eurocoin Indicator Falls In November


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An indicator reflecting the current economic situation in the euro area fell in November, data published by the Bank of Italy showed on Friday.

The eurocoin indicator dropped to -0.62 in November from -0.31 in October. In September, the indicator stood at -0.73.

The decline was largely caused by further deterioration in confidence among manufacturing firms, on a downward trajectory since nine months ago.

The monthly indicator developed by the Bank of Italy and CEPR provides a summary index of the current economic situation in the euro area.

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