Italian flash unemployment rate falls to 12.1% in July

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Source: WBPonline
© Scanpix\Reuters
Italy has published a first drop in its unemployment rate in about a year. The rate declined from 12.2% in June to 12.1% this month, against analysts expectations of 12.3%. The Business Confidence Index advanced to 79.6 this month and the industrial output increased 0.1% in May. Italy's Purchasing Managers Index for manufacturing expanded to the highest level in four months of 49.1 points last month.
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