Italy: Consumer confidence reaches lowest level in eight months
September 24, 2014
The National Institute of Statistics’ (Istat) consumer confidence index inched down from 101.9 points in September to 101.4 points in October, thus reaching the lowest level in 8 months. The figure came in above the 101.0 points the market had expected.
October’s reading reflected a deterioration in most of the categories that compose the index. Households’ willingness to buy as well as their expectations regarding their personal economic situation deteriorated compared to the previous month. In addition, consumers’ sentiment regarding the country’s general economic situation was more pessimistic compared to September.
Author: Dirina Mançellari, Senior Economist