Italian Business Optimism Rises to Highest in More Than 5 Years
May 25 (Bloomberg) -- Italian business confidence unexpectedly rose in May to the highest in more than five years, adding to signs that Europe's economy is weathering near-record oil prices and an appreciating euro.
The Rome-based Isae Institute's confidence index gained for a 12th month to 96.8, the highest since December 2000, from a revised 96.0 in April. The index was expected to decline to 95.6, according to the median estimate of 23 economists surveyed by Bloomberg News. Isae questioned 4,000 manufacturers between April 2 and April 18.
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