Italy: Business confidence jumps up in March
March 30, 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, shot up from 97.5 points in February to 103.0 points in March.
March’s increase resulted from an improvement in all of the sectors that comprise the index. Services posted the highest increase, jumping from 100.4 points in February to 108.1 in March. Construction posted the second largest improvement, increasing from 108.5 points in February to 116.0 points in March. Finally, manufacturing output rose from February’s 100.5 points to 103.7 points.
Author: Cecilia Simkievich, Economist