Italy: Consumer confidence reaches lowest level in nine months
November 26, 2014
The National Institute of Statistics’ (Istat) consumer confidence index inched down from 101.3 points in October to 100.2 points in November, thus reaching the lowest level in 9 months. The figure came in below the 101.6 points the market had expected.
November’s reading reflected a deterioration in consumers’ sentiment regarding the country’s general economic situation. In addition, households were less willing to buy compared to the previous month. However, their expectations regarding their personal economic situation slightly improved compared to October.
Author: Dirina Mançellari, Senior Economist