Retail

Italy's Jul consumer confidence index up, biz confidence milieu erodes

27 Jul '24

1 min read

Italy's Jul consumer confidence index up, biz confidence milieu erodes

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Insights

Italy's consumer confidence index improved in July, passing from 98.3 to 98.9, official statistical agency Istat said.
The Istat economic sentiment indicator weakened from 94.5 to 94.2.
The manufacturing confidence climate improved from 86.9 to 87.6 in the month.
The retail trade confidence climate slightly improved from 102.2 to 102.6 in July.

Italy’s consumer confidence index improved in July this year, passing from 98.3 to 98.9, according to the official statistical agency Istat.

Looking at its components, the personal confidence climate got on from 95.8 to 96.5, the future one from 98.7 to 99.4, the current one from 98.1 to 98.5 and the economic one from 105.3 to 105.6.

With reference to the business confidence climate, the index, i.e., the Istat economic sentiment indicator (IESI), weakened from 94.5 to 94.2.

The manufacturing confidence climate improved from 86.9 to 87.6 in July. Assessments on order books bettered while expectations on production held virtually steady. Lastly, stocks were considered to have slightly built up.

The retail trade confidence climate slightly improved from 102.2 to 102.6 in July. Opinions on current business activity improved, while expectations on future sales worsened. Moreover, inventories were considered to have diminished, an Istat release said.

Fibre2Fashion News Desk (DS)

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