Italy: Business confidence continues to improve in September
September 25, 2020
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—jumped from 81.4 in August to 91.4 in September.
The increase was driven by improved sentiment in all sectors; however, overall confidence remained downbeat. That said, sentiment in the construction sector grew more optimistic in the month.