The Eurocoin indicator declined for the fourth consecutive month in July, but slower than in the previous months, data from the Center for Economic Policy Research and the Bank of Italy showed Friday.
The indicator that suggests the current economic situation in the euro area, fell to 0.40 from 0.46 in June. The latest decline was due to the performance of financial and equity markets, while manufacturing activity and foreign trade continued to exert upward pressure.
The CEPR and the Bank of Italy said the next eurocoin indicator figure will be released on 27 August 2010.
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