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Italian consumer confidence rises

News & Data JIACC

Italian consumer confidence unexpectedly rose despite inconclusive elections

Source: Bloomberg – The household gauge jumped to 117.5 in March from a revised 115.7 the previous month, statistics bureau Istat said Tuesday in Rome. That was above the median estimate of 115 in a Bloomberg survey of 11 analysts. Manufacturing confidence fell to 109.1 from a revised 110.4. Italy’s economy, the euro region’s third-biggest, expanded last year at the fastest pace since 2010 as slower consumption was more than offset by rising exports and investments. Still, national output remained below its pre-crisis peak, whereas all the major European economies have long regained lost ground

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