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Italian confidence hit

ITALIAN consumer confidence fell to a 10-month low in December as sentiment weakened over personal finances and the situation of the recession bound economy, official data shows.

National statistics office ISTAT's headline consumer morale index declined to 99.7 in December, the lowest reading since February, from an unrevised 100.2 in November.

December's decline was the third straight fall in morale, despite tax cuts for low earners introduced by Matteo Renzi's government (right).