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European Slump Deepens on Growing Pessimism, Eurocoin Indicates

The euro area’s economic slump deepened in June on growing pessimism among consumers and executives, the Eurocoin index showed.

The gauge measuring economic activity in the 17-nation region fell to minus 0.17 percent from minus 0.03 percent in May, 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 index will next be published on July 27.

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