Italy: Business confidence moderates in August
August 28, 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, inched down from a revised 104.3 in July (previously reported: 104.7) to 103.7 in August. The reading marked a three-month low.
Two out of four categories decreased compared to the previous month. The manufacturing index, in particular, marked the sharpest fall, dropping from 103.5 in July to 102.5 in August and reaching its lowest level in six months. However, the construction index rose from 117.6 in July to 119.5 in August.
Author: Eric Denis , Economist