Italian Business Confidence Falls

Italian business confidence fell more than expected in May, hitting its lowest level since August 2009 as the outlook for orders deteriorated significantly.

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  • Italian consumer confidence index registered a drop in January
    Data also showed that the composite business confidence index strengthened to a 3-month high of 102.5 in January from 100.2 in the previous month. Among components, the manufacturing confidence index climbed to 104.8 in January from 103.7 a month ago.
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