An indicator of current economic situation in euro area declined for the first time in nine months in May, a report from the Bank of Italy showed Friday.
The eurocoin indicator fell to -0.15 percent in May from -0.10 percent in April. This was the first fall in the index since August 2012.
Weak signals regarding foreign trade and the performance of gross domestic product in the first quarter of 2013 contributed to the decline, the report said.
However, these were offset in part by "less unfavorable" indications provided by household and business opinion surveys.
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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.