Eurocoin Indicator Climbs Strongly In December

The eurocoin indicator, which measures the current economic situation in the euro area, increased notably in December to the highest level in four-and-a-half years, the Bank of Italy and the Centre for Economic Policy Research said in a survey report on Thursday.

The eurocoin indicator rose to 0.45 in December from 0.37 in the previous month. The latest reading was the highest level since July 2011.

It was buoyed by household consumption, labor market performance and the upturn in industrial production, the think tank said.

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