Italy: Business confidence reaches multi-year high in October
October 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, increased from a revised 106.1 in September (previously reported: 106.2) to 107.5 in October. The reading marked a multi-year high.
All four categories increased compared to the previous month, with the exception of construction. The retail index, in particular, marked the sharpest improvement, rising from 109.2 in September to 116.6 in October and reaching the highest value on record.
Author: Eric Denis , Economist