Italy's business outlook improved more sharply than that of any other count...
ROME - Italy’s business outlook improved more sharply than that of any other country in the four months to June, according to a global survey released on Monday which offers signs of hope for the country’s struggling economy.
The euro zone’s third largest economy eked out growth of 0.1% in the first quarter, emerging from a shallow recession in the second half of last year, and national statistics bureau ISTAT has warned the second quarter may see another contraction. The improvement in confidence in Italy was broad-based. Manufacturers’ net activity balance of +28 was the highest since February 2018, while service providers posted a balance of +30, which was a one-year high.
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