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ITALY DATA
Consumer and business confidence both slipped in August, although retail traders reported a slightly brighter outlook, according to Istat.
- Consumer confidence retreated to 116.6 from 116.2, but remained well above the sub-100 level held through the first four months of the year
- Business confidence, as measured by the IESI, declined to 114.2 from 115.9, with a rise in retail outlook failing to overcome declines in other sectors.
- Manufacturing confidence declined to 113.4 from 115.2, while services weakened to 111.8 to 112.1 and construction fell to 153.8 to 158.6
- However, confidence in retailing improved to 113.9 from 111.3, with expectations of future conditions comprising much of the gain.
Source: Istat
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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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