Italy: Business confidence moderates in July
July 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 104.7 in June (previously reported: 104.3) to 104.3 in July.
Two out of four categories decreased compared to the previous month. The construction index, in particular, marked the sharpest fall, dropping from 119.7 in June to 117.6 in July. However, the services index inched up from 109.2 in June to 110.0 in July, thus reaching its highest value since June 2007.
Author: Eric Denis , Economist