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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 JUL CONSUMER CONFIDENCE 94.8 (FCST 96.6); JUN 98.3
ITALY JUL MANUF CONFIDENCE 106.7 (FCST 108.0); JUN 109.5r
ITALY JUL ECON SENTIMENT 110.8; JUN 113.4r
- All Italian confidence indicators fell further than anticipated in the July report.
- Consumer confidence fell 3.5 points to 94.8, in line with May 2020 levels as consumer future outlook levels slumped from 98.8 to 92.9 in July. Consumer sentiment on the economy saw the largest hit, plunging by 9 points to 84.9.
- This data follows both French and German consumer confidence prints this morning, which all saw outlooks deteriorating as consumers felt the squeeze of surging inflation and pessimistic economic outlooks.
- Manufacturing confidence slid by 2.8 points to 106.7.
- The shift in manufacturing sentiment follows the unexpected June uptick as production and order book expectations saw a fleeting surprise improvement.
- Economic sentiment decreased by 2.6 points to 110.8.
- The sectorial breakdown of the July report delivered mixed messages: the services index weakened on the back of pessimistic outlooks, whilst some improvement was seen in both construction and retail trade sentiment.
Source: ISTAT
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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