Italy: Consumer confidence strengthens in March
Consumer confidence rose to 105.1 in March from February’s 104.0.
The increase came on the back of an improvement in consumers’ views of current and personal conditions. Moreover, consumers’ views of the general economic climate and of future conditions grew rosier.
Commenting on the release, Paolo Pizzoli, senior economist at ING, stated:
“Our reading is that employment resilience is helping to support income generation, but that the ongoing inflation wave, where the core measure is still increasing, continues to impact real disposable income negatively. Under pressure, households might still be forced to cut savings to smooth consumption.”