Italy: Business confidence improves in June
June 27, 2014
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 86.9 points in May to 88.4 points in June.
June’s increase was broad based. The retail sector rose from 99.0 points in May to 101.4 points in June, thus reaching the highest level since April 2011. In addition, manufacturing reached a 36-month high (June: 100.0 points; May: 99.8 points). Both the construction and services sectors recorded an improvement over the previous month.
Author: Dirina Mançellari, Senior Economist