Italy: Business confidence picks up in October
October 26, 2012
In October, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - picked up to 76.6 points from 76.0 points in September (previously reported: 75.5 points), marking the first increase in three months. The improvement in the overall index was led by stronger readings in the services and in the retail sector. On the other hand, sentiment deteriorated in manufacturing and construction, where it dropped to the lowest level seen in 10 months.
Author: Armando Ciccarelli, Head of Data Solutions