Italy Business Confidence Falls to Lowest in Almost 3 Years
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Italian business confidence fell more than economists forecast, declining this month to the lowest level in almost three years as the country’s fourth recession since 2001 deepened.
The manufacturing-sentiment index dropped to 86.2, the lowest since August 2009, from a revised 89.1 in April, Rome-based national statistics institute Istat said today. Economists had predicted a reading of 88.6, according to the median of 16 estimates in a Bloomberg News survey.