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27.08.201009:25:00UTC+00Eurocoin Indicator Drops Further In August

The eurocoin indicator fell for a fifth consecutive month in August, but the pace of decline eased, a report 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 dropped to 0.37 from 0.40 recorded in July. The yield curve and the course of industrial production in the main euro area countries held back the indicator in August, the report said.

The CEPR and the Bank of Italy said the next eurocoin indicator figure will be released on 24 September 2010.

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