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Euro-Area Recession Eased in December, Eurocoin Index Signals

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Dec. 28 (Bloomberg) -- The euro-area recession probably eased for a second month in December as executives were more optimistic about an economic recovery and turmoil in financial markets subsided, the Eurocoin index showed.

The gauge measuring economic activity in the 17-nation region rose to minus 0.27, the highest since July, from minus 0.29 in November, the London-based Center for Economic Policy Research and the Bank of Italy, which co-produce the index, said in an e-mailed report.

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 Jan. 25.

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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