Italy: Consumer confidence recovers some lost ground in June
June 26, 2020
The consumer confidence index released by the National Institute of Statistics (ISTAT) rose from an over six-year low of 94.3 in May to 100.6 in June.
June’s rise came on the back of a broad-based improvement in the economic, personal, current and future components. That said, the economic and future components were the ones that recorded the largest increases. Households’ expectations on the future general economic situation improved notably in June, and their expectations on future unemployment were also less downbeat. Moreover, consumers were more willing to purchase big-ticket durable goods. That said, their assessments of the current general economic situation worsened further.