Italy: Business confidence hits all-time high in June
June 25, 2021
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—came in at 112.8 in June, up notably from May's 107.3 and marking the best reading on record.
The rise came on the back of improved sentiment in the manufacturing and market services sectors. In addition, confidence in the retail trade sector strengthened from the previous month.