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- Italy consumer confidence rises sharply in July
Italy consumer confidence rises sharply in July
According to the report from Istat, in July 2019, the consumer confidence index got better again moving from 109.8 to 113.4.
Economists had expected a decrease to 109.6. The improvement was due to the positive trend of all its components. More specifically, the economic one rose from 121.4 to 129.7, the personal one from 105.6 to 108.0, the current one from 107.6 to 111.1 and, finally, the future one from 112.6 to 117.4.
With regard to the business confidence climate, the related index (IESI, Istat Economic Sentiment Indicator) increased from 99.3 to 101.2. The confidence index in manufacturing slipped from 100.7 to 100.1. The confidence index in construction rose from 140.9 to 142.8. The market services confidence index improved from 98.9 to 101.1. The retail trade confidence index rose from 105.2 to 109.9. In particular, the index actually grew from 105.8 to 111.5 in the large scale distribution and weakened from 104.4 to 104.0 in the small and medium scale one.
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