Italy: Business confidence reaches multi-year high in November
November 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 up from a revised 107.0 in October (previously reported: 106.1) to 107.1 in November. The reading marked a multi-year high.
Two of the four categories increased compared to the previous month. While construction and services improved, the latter reaching its highest value since June 2007, retail and manufacturing deteriorated.
Author: Eric Denis , Economist