Business confindence on the rise in Italy

According to a recent Reuters news wire, Italy's Business confidence index has reached its highest level since September 2008.

"Economic research institute ISAE's seasonally adjusted business morale index rose to 77.1 from a revised 74.3 last month, keeping pace with cheery business sentiment data in the past week from European peers France, Germany and Belgium."

Good news? It is a sign that business in Italy, the Euro zone's third largest market, might have bottomed out. Orders are on the rise, but not enough yet for a full turnaround.

But then, if the economy has stopped falling, it might be a good time to think of entering into the market.

http://www.forexyard.com/en/reuters_inner.tpl?action=2009-10-28T102159Z_01_LS671867_RTRIDST_0_ITALY-BUSINESS-CONFIDENCE-UPDATE-1