Italy: Business confidence rises to five-month high
January 30, 2013
In January, 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 79.9 points from 75.6 points in December, marking the highest result observed in five months.
The improvement in the overall index was led by stronger readings in the construction and in the services sectors. On the other hand, sentiment deteriorated in manufacturing and retail.
Author: Armando Ciccarelli, Head of Data Solutions