Wednesday, Italy's economic think tank ISAE said consumer confidence in the economy declined in March after rising in past two months.

The consumer confidence index fell to 99.8 in March from 104 recorded in February. Economists had forecast the reading to decline to 103.

The ISAE said households' assessment regarding general economic condition was more pronounced in March. The corresponding indicator dropped to 62.1 from 70.4.

The gauge for future economic condition fell to 85.3 from 90.7. It was the lowest reading since the end of 1993, the ISAE said.

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