The EuroCoin indicator, which shows the current economic situation in Europe, fell to its lowest level in the last 7 months in September.

According to the report prepared by the Center for Economic Policy Research (CEPR) and the Bank of Italy (BoI), the EuroCoin indicator fell from 0.29 points to 0.14 points in September. Thus, the lowest level was recorded after -0.31 points seen in February.

The index averaged 0.20 in the third quarter.

The statement stated that the decline reflected the deterioration in qualitative indicators for companies and the confirmation of negative signs for the production cycle.