Italy: Business confidence hits three-month low in June
June 28, 2016
The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, fell from a revised 103.0 in May (previously reported: 103.4) to 101.2 in June, marking the lowest reading in three months.
Two of the four categories of the indicator decreased compared to the previous month. The services sector recorded a three-month low, while the retail sector tallied its lowest reading since January 2015.