The eurocoin indicator declined to the lowest level in the six months in June, signaling a further contraction in the Eurozone economy, data from a survey by the Bank of Italy and the Center for Economic Policy Research showed Thursday.
The indicator, which provides a summary index of the current economic situation in the euro area, dropped to -0.17 percent in June from -0.03 percent in May, which was revised up from -0.13 percent. The latest reading was the lowest since December 2011.
The deterioration of the indicator reflected significantly worse results of opinion surveys of firms and households and, to a lesser extent, trends in share prices, the survey showed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.