Italy: Business confidence improves in September
September 29, 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, increased from a revised 103.9 in August (previously reported: 103.7) to 106.2 in September. The reading marked a multi-year high.
All four categories increased compared to the previous month. The construction index, in particular, marked the sharpest improvement, rising from 119.5 in August to 123.3 in September and reaching its highest value since July 2008.
Author: Eric Denis , Economist