Italy: Confidence among businesses deteriorates in November
November 27, 2014
The National Institute of Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, fell from 89.1 points in October to 87.7 points in November.
November’s drop came as a result of a deterioration in the construction and services sectors, which reached the lowest level since May and September, respectively. On the other hand, the retail and manufacturing sectors recorded improvements over the previous month.
Author: Dirina Mançellari, Senior Economist