Italy: Consumer confidence weakens in August
August 29, 2016
The National Institute of Statistics’ (Istat) consumer confidence index decreased from July’s revised 111.2 (previously reported: 111.3) to 109.2 in August, undershooting market expectations of a 110.5 reading and marking the worst result since July 2015.
August’s reading reflected a deterioration in households’ assessments of their personal current and future economic situations. Moreover, households’ valuation of the current and future general economic situation also deteriorated, with the latter tallying a 20-month low.