Italy: Business confidence rises in July
July 29, 2013
In July, Istat's composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) - which covers the manufacturing, construction, service and retail sectors - rose to 79.6 points from the 76.4 points recorded in June.
The improvement was broad-based with all categories increasing over the previous month. The manufacturing and retail sectors reached their highest levels in over a year.
Panellists expect fixed investment to contract 3.6% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panellists see fixed investment growing 0.7%.