Italy: Economic sentiment deteriorates in April
Economic sentiment fell to 99.5 in April from March’s 100.8. As a result, the index dipped below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial, retail and construction sectors. In the meantime, confidence in the services sector strengthened in April. Lastly, consumer confidence softened in April.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in April.