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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