Italy: Consumer confidence improves in March
March 30, 2015
The National Institute of Statistics’ (Istat) consumer confidence index jumped up from 107.7 points in February to 110.9 points in March. The result was in line with market expectations.
March’s strong increase reflected an improvement in all of the subcomponents that comprise the index. Consumers’ expectations regarding the country’s general economic situation improved notably. In addition, households were more upbeat regarding both their current and prospective personal economic situations. Consumer sentiment regarding employment perspectives also improved compared to the previous month, suggesting that the economy is continuing along a good path during the first months of 2015.
Author: Cecilia Simkievich, Economist