Italian business confidence down in August

(AGI) Rome, Aug 28 - Italian business confidence fell back inAugust, wiping out all the gains from a surge in July when ithit a three-year high. The index, calculated by statisticsagency ISTAT, dropped to 88.2 from 90.8 the previous month. Thedecline in the overall index, ISTAT explained, was due todeteriorating business confidence in all sectors,manufacturing, market services, construction and the retailtrade. (AGI) . .