Italy: Business confidence moderates in November
November 29, 2012
In November, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - dropped to 76.4 points from a revised 77.1 points in October (previously reported: 76.6 points). The deterioration in the overall index was led by weaker readings in the construction and in the services sector. On the other hand, sentiment improved in manufacturing and retail, with both recording the strongest reading in the last five months.
Author: Armando Ciccarelli, Head of Data Solutions