Italian Manufacturing Confidence Falls to Lowest in Two Years
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(Bloomberg) -- Italian manufacturing and consumer confidence fell morethan expected this month as the populist government worked to resolve astandoff with the European Union over next year's spending.
The business gauge dropped to 103.6 in December, the lowest sinceNovember 2016, from a revised 104.3 the month before, while theconsumer gauge dropped to 113.1. Consumer confidence for the full 19-nation euro area is scheduled to be released later in the day in Luxembourg.