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.
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