Italian Business Confidence Rises to 29-Month High on Exports
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Italian business confidence rose in October to the highest in almost two and half years as executives grew more optimistic that an export-led economic recovery is gaining momentum.
The Isae institute’s manufacturing-sentiment index climbed to 99.8, the highest since May 2008, from a revised 98.6 in September, the Rome-based research center said in a statement today. Economists had predicted a reading of 98.5, according to the median of 18 forecasts in a Bloomberg survey.