European Slump Deepens on Growing Pessimism, Eurocoin Indicates

June 28 (Bloomberg) -- 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.

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