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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.