Italy Business Confidence

Italy

Italy: Business confidence plunges to 20-month low

September 28, 2011

In September, the ISTAT manufacturing sentiment index plunged to 94.5 points. The figure was down from the revised 98.6 points recorded in August (previously reported: 99.9 points) and was below market analyst expectations, which saw sentiment declining to 98.1 points. The reading was in line with the deteriorating trend witnessed since April this year, which was momentarily interrupted in August. With the September drop, business confidence fell to its lowest level since January 2010. According to ISTAT, the deterioration was driven by a worse assessment of the current level of total orders, particularly domestic orders, and of production levels. In addition, all the prospective sub-components deteriorated compared to the previous month


Author:, Head of Data Solutions

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