Italy: Business confidence hits over-one-year high in February
February 24, 2017
The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, rose from 103.3 in January to a 14-month high of 104.0 in February.
Three out of the four categories of the indicator improved compared to January: manufacturing, services and retail rose, with manufacturing obtaining the best result since February 2008. Conversely, confidence in the construction sector remained unchanged relative to January.