Italy: Business confidence moderates slightly in May
May 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 102.1 points in April to 102.0 points in May.
May’s slight decrease resulted from a deterioration in the manufacturing, construction and retail sectors, which contrasted an improvement in the services sectors. Construction posted the sharpest decrease, falling from 113.3 points in April to 111.8 in May, while services inched up from 104.5 in April to 104.9 in May.
Author: Eric Denis , Economist