Italian Business Confidence Drops to Lowest in Two Years
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Italian business confidence unexpectedly fell to the lowest level in more than two years in April amid concerns that the country’s fourth recession in a decade may deepen.
The manufacturing-sentiment index dropped to 89.5 from a revised 91.1 in March, Rome-based national statistics institute Istat said today. Economists had predicted a reading of 92.1, according to the median of 11 estimates in a Bloomberg News survey.