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Euro-Area Slump Eases Amid Crisis Outlook, Eurocoin Shows

Sept. 28 (Bloomberg) -- The euro area’s economic slump probably eased in September as investors grew more optimistic about the outcome of the region’s debt crisis, the Eurocoin index showed.

The gauge measuring economic activity in the 17-nation region rose to minus 0.32 from minus 0.33 in August, 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 rise was due to “the improvement in share prices and the easing of sovereign debt tensions,” according to the report. Still, the index “was held down by the slightly worse results of opinion surveys of firms and households.”

The indicator, which includes price developments, stock-market performance, industrial production and business and consumer confidence readings, seeks to provide a real-time estimate of economic growth.

The next update will be published on Oct. 26.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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