ITALY DATA: January business confidence fell to 92.1 from 92.5 in
December, as a result of worsening output expectations, improved
sentiment on current orders and a decline in current inventory levels,
with the index reaching a two-year low, ISTAT said (Nov 2009 89.6).
–January current orders rose to -27 from -28 in December, while the
3-month outlook for output remained fell to -3 from 0 in December.
–Current inventory levels fell to +1 (Dec +3) –See headlines on main
wire.