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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 JUN CONSUMER CONF 108.6 (FCST 105.5); MAY 105.1
ITALY JUN ECON CONF 108.3; MAY 108.6
- In June, Italian consumer sentiment rebounded to the strongest level since February 2022 (pre-Russa-Ukraine war effects), whilst economic and manufacturing sentiment indicators moderated slightly.
- The 3.5-point upswing in consumer confidence to 108.6 beat expectations of a 0.4-point uptick.
- Consumer sentiment improvements were led by a strong increase in assessment of the economic climate and future outlooks. Slowing inflation and falling energy prices will have largely underpinned this development.
- This will have fed into last week's eurozone flash consumer confidence indicator, which saw a modest June improvement.
- Yet Italian economic confidence moderated by 0.3 points to 108.3 in June, as manufacturing and services demand expectations slipped. As such, the renewed increase in consumer sentiment is not yet likely to lead to an upswing in demand for now.
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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