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Business confidence climbs to highest level since 2011

Istat index reaches 87.9 as Italy emerges from recession

27 February, 10:37
Business confidence climbs to highest level since 2011 (ANSA) - Rome, February 27 - Italian business confidence has climbed to its highest level in over two years, national statistics agency Istat said Thursday.

Istat said its business-confidence index climbed to 87.9 points in February, the highest since October 2011 and up from 86.8 in January, thanks to the fourth consecutive monthly rise.

Italy is slowly emerging from its longest postwar recession.

The downturn ended in the second half of last year, but the recovery is weak and Italy's gross domestic product grew just 0.1% in the fourth quarter of 2013.

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