Free Trial
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
Italian business confidence from ISTAT fell slightly in July to 94.2 (vs 94.5 prior), while consumer confidence ticked up to 98.9 (vs 98.7 cons, 98.3 prior).
- Consumers saw upticks in each of the major sub-components (general economic climate, personal economic climate, current climate and future climate).
- The improvement in consumer confidence since Q4 2023 has likely been aided by Italy’s low inflation rates and resilient labour market, helping to support real wages.
- However, the EC’s Italian consumer confidence metric has not yet seen a similar improvement. We get an update on that series next Tuesday.
- Services business sentiment fell 1.2 points to 95.9 (vs 97.1 prior), pointing towards another fall in the services PMI on August 5 (last 53.7, down from a March 2024 high of 54.6).
- Elsewhere, retail and manufacturing sentiment each ticked a little higher, though the latter remains weak at 87.6 (vs 86.9 prior).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok