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Feb. 24 (Bloomberg) -- The euro area’s economic slump eased in February as companies and consumers grew more confident, the Eurocoin index showed.
The gauge measuring economic activity in the 17-nation region rose to minus 0.06 percent from minus 0.14 percent in January, the London-based Centre for Economic Policy Research and the Bank of Italy, which co-produce the index, said today in an e-mailed report.
The reading “is due mostly to less pessimistic evaluations of firms and consumers,” according to the report.
The index, which includes price figures and stock-market performances, industrial production and business and consumer confidence readings, aims to provide a real-time estimate of economic growth.
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