FX.co ★ Eurocoin Indicator Rises In December

An index representing the present economic conditions in the eurozone demonstrated growth by the year's end, as reported by the Bank of Italy on Thursday.

The eurocoin index increased to 0.33 in December, up from 0.23 in November, and previously recorded at 0.18 in October. This marks its tenth consecutive month in positive territory.

The ongoing upward trend primarily signals an enhancement in the service sector's qualitative indicators, although it continues to be influenced by fragility in the manufacturing sector.

This monthly index, formulated by the Bank of Italy in collaboration with CEPR, delivers a consolidated measure of the current economic state in the euro area.