Italy: Consumer confidence falls to five-month low in February
February 25, 2016
The National Institute of Statistics’ (Istat) consumer confidence index fell from 118.6 in January to 114.5 in February. The result came in below market expectations that the index would record a softer decrease to 117.9 and marked a five-month low.
February’s result reflected a decrease in four of the five subcomponents that comprise the index. In particular, households’ willingness to buy big ticket items and households’ assessment regarding the current and future general economic situation recorded significant deteriorations.
Author: Eric Denis , Economist