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MNI DATA BRIEF: Italian Confidence Levels Slip in August

(MNI) Rome

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