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24.12.2013 11:37:12
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Eurocoin Indicator Continues To Improve In December
(RTTNews) - An indicator of current economic situation in the euro area remained in positive territory for the fourth consecutive month in December, a report from the Bank of Italy showed Tuesday.
The indicator rose to 0.29 in December from 0.23 in November. The improvement in household and business confidence kept the indicator high despite the less favorable trend in industrial activity.
It provides a reasonably close anticipation of the quarterly growth rate net of the more volatile components.
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