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Italian business morale up

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Italian business morale up

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Italy’s manufacturers are more confident according to the latest survey by economic think tank ISAE.

Sentiment rose to its highest level in nearly three years in December, lifted by new orders.

ISAE said the improvement – in its survey of 4,000 firms, reflected a continued revival of demand, especially on the domestic front while production levels remained stable.

The seasonally adjusted ISAE business confidence index climbed to 103, its highest reading since February 2008. November’s reading was revised slightly upwards to 101.7.