Italy: Economic sentiment rises in May
Latest reading: Economic sentiment rose to 98.6 in May from April’s 95.8. 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 improved sentiment in the industrial sector and among consumers. Moreover, confidence in the services and retail sectors was healthier in May. Lastly, confidence in the construction sector was unchanged.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in May.