Italy: Economic sentiment rises in December
Economic sentiment came in at 99.3 in December, up from November’s 96.7. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the construction and services sectors. Meanwhile, sentiment in the retail and industrial sectors cooled in the surveyed month. Lastly, consumer confidence rose in December.
Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in December.