Eurocoin Indicator Rises For Third Month In February

The eurocoin indicator, which measures the current economic situation in the euro area, rose for the third successive month in February, a survey by the Bank of Italy and the Centre for Economic Policy Research showed Friday.

The eurocoin indicator rose to 0.23 in February from 0.16 in January. It was the highest figure since July, when the score 0.27.

The rise in February was due in part to the moderate expansion of economic activity registered in the fourth quarter of last year and in part to a broad-based improvement in household and business confidence, the think tank said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. reported Tuesday narrower net loss in its second quarter with strong growth in revenues. The company also generated strong order growth. Looking ahead, the company reiterated its outlook for adjusted earnings per share, while increased its 2021 outlook for Industrial free cash flow range. In pre-market activity on NYSE, GE shares were gaining around 4 percent. The U.S. Food and Drug Administration announced recall of Old Soul's Farms LLC's certain leafy green products as well as Excalibur Seasoning Co.'s Haen Meats Seasoning Blend, citing potential contamination with Listeria monocytogenes, an organism. Consumption of food contaminated with L. monocytogenes can cause listeriosis, a serious infection and sometimes fatal infections. Tobacco giant Philip Morris International plans to stop selling cigarettes in the United Kingdom in the next decade, according to its CEO Jacek Olczak. In an interview with the Daily Mail Sunday, Olczak said the sales of the company's most popular product Marlboro cigarettes will also be stopped. The move is said to be part of the company's plan to phase out traditional tobacco products.
Follow RTT