Italy: Business confidence inches up in March
March 28, 2013
In March, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - inched up to 78.0 points from the 77.6 points seen in February.
The improvement in the overall index was led by a stronger reading in manufacturing, whereas all the other sectors deteriorated compared to the previous month.
Panellists expect fixed investment to contract 2.7% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panellists see fixed investment growing 0.7%.
Author: Armando Ciccarelli, Head of Data Solutions