Italy: Business confidence drops below expectations in June
June 28, 2011
In June, the manufacturing sentiment index published by ISTAT dropped to 100.5 points. The figure was down from the revised 101.1 points (previously reported: 101.3 points) recorded in May and undershot market analyst expectations, which saw sentiment at 101.0 points. The June reading marked a third consecutive drop in the index and saw sentiment declining to its lowest level in eight months. According to ISTAT, the decline was driven by a deteriorating assessment of the current level of domestic and export orders.
Author: Armando Ciccarelli, Head of Data Solutions