A measure of the current situation of the euro area economy improved for a third straight month in January to its highest level in four-and-a-half years, a report from the Bank of Italy and the Centre for Economic Policy Research showed Friday.
The Eurocoin indicator rose to 0.48 in January from 0.45 in December. The latest reading was the highest since June 2011, when the score was 0.52.
Thus, the indicator confirmed the positive trend resumed in November 2015, the report said.
Contributory factors included the reduction in market interest rates and signs of an improvement in foreign trade, after the downturn recorded during the summer, offset by the slide in share prices, the report added.
The material has been provided by InstaForex Company – www.instaforex.com