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Italian business activity rises at fastest rate in 12 months
Business activity at Italy’s services firms rose at the fastest rate for a year in June. Levels of new work and employment in the sector also increased, though at slower rates than May. Business confidence regarding the year-ahead outlook for activity meanwhile weakened slightly, to the lowest in 2015 so far. Elsewhere, profitability remained under pressure as firms cut average charges while facing a further increase in costs. Signalling an acceleration in growth at the end of the second quarter, the headline seasonally adjusted Markit/ADACI Business Activity Index – which is based on a single question asking ... (full story)