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The Eurocoin indicator, which aims to reflect the current economic situation in Eurozone, rose for the fifth month running in April to its highest level in ten months, a survey by the Bank of Italy and the Centre for Economic Policy Research showed Thursday.
The indicator climbed to 0.33 from 0.26 in March. The score was the highest since June last year, when the score was 0.31. The indicator was mainly buoyed by the increase in industrial production and rising share prices, the survey said.
