Italy Business Confidence

Italy

Italy: Business confidence drops to lowest level in more than three years

September 27, 2012

In September, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - dropped to 75.5 points from 79.0 points in August (previously reported: 78.5 points), marking the fifth drop in the last six months and driving sentiment to the lowest level in more than three years. The drop in the overall index was led by a strong deterioration in the services sector, the component with the strongest weight in the index. Sentiment in the remaining three categories, on the other hand, improved over the previous month.


Author:, Head of Data Solutions

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Italy Business Confidence Chart


Italy Business Confidence September 2012

Note: Value of monthly business confidence index.
Source: National Statistical Institute (Istat).


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