Free Trial

MNI BRIEF: Italy Consumer Confidence at 23-Year High

(MNI) London

Italian consumer confidence stretched to a multi-decade high in September, rising to 119.6 from 116.2 in August, according to data released on Friday by Istat. That's the the strongest reading since January of 1998.

Readings for the economic, personal and future climate all increased in the month, with just the current climate index declining in September.

However, business confidence declined slightly, to 113.8 from 114.0 in August. Retail trade accounted for much of the weakness, slumping to 106.8 from 113.6, while manufacturing fell slightly. Construction and market services both rose in September.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

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.