Italy: Business confidence deteriorates further in August
August 30, 2012
In August, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - dropped to 78.5 points from 82.0 points in July (previously reported: 81.8 points), marking the fourth drop in the last five months. The drop in the overall index was broad-based, as sentiment deteriorated in three out of the four main sectors. The only exception was manufacturing, where confidence improved slightly compared to July.
Author: Armando Ciccarelli, Head of Data Solutions