Italy: Business confidence gains traction in June
June 26, 2015
The National Institute of Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, picked up from a revised 101.8 in May (previously reported: 102.0) to 104.3 in June. This represents the highest level in the series, which reaches back to March 2012.
All categories improved compared to the previous month. The construction index, in particular, marked the sharpest increase, rising from 111.8 in May to 119.7 in May and reaching the highest level since September 2008.
Author: Eric Denis , Economist