Bloomberg News

Euro-Area Slump Deepens as Confidence Declines, Eurocoin Shows

April 27, 2012

The euro area’s economic slump deepened in April on declining confidence among consumers and executives, the Eurocoin index showed.

The gauge measuring economic activity in the 17-nation region fell to minus 0.08 percent from minus 0.03 percent in March, 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.

“This result reflects the downturn in share prices and the deterioration in consumer and business confidence, offset in part, however, by the growth in exports,” the report said

To contact the reporter on this story: Andrew Davis in Rome at abdavis@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net


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