Italy: Consumers less confident in July
July 24, 2014
The National Institute of Statistics’ (Istat) consumer confidence index inched down from 105.6 points in June to 104.6 points in July. The figure came in below the 105.2 points the market had expected.
July’s reading reflected an across-the-board deterioration. Households’ expectations regarding the country’s economic situation as well as their willingness to make major purchases recorded the largest deteriorations over the previous month. In addition, consumers were more pessimistic regarding their personal economic situations than they were in June.
Author: Dirina Mançellari, Senior Economist