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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ITALY DATA
MNI (London)
ITALY ISTAT JUN CONSUMER CONFIDENCE INDEX 98.3 VS MAY 102.7
ITALY JUN SA BUSINESS SENTIMENT INDICATOR 113.6 VS MAY 111.0
ITALY JUN SA MANUFACTURING MORALE 110.0 VS MAY 109.4
- Italian June consumer confidence slid 4.4 points to 98.3 in June, falling to the lowest level since the second wave of the pandemic in November 2020 and missing optimistic forecasts of a 0.3 uptick. Sentiment surrounding the economy took the largest hit, diving 9.7 points to 93.9.
- Business sentiment, however, saw a 2.6-point improvement to 113.6 as order books ad future production expectations improved, with upticks in manufacturing, construction, retail and services confidence noted.
- Manufacturing sentiment followed suit. seeing a 0.6-point uptick and beating expectations of a 0.8-point fall. New orders and exports saw improvements, as well as three-month output outlooks.
- Italian manufacturing indicators were relatively upbeat in June, compared to the plunge in expectations seen by the German IFO survey this morning. More positive outlooks in Italy are likely bolstered by less industrial exposure to uncertainty surrounding Russian gas supply, and a strong tourist season ahead.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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