Italy: Consumer confidence drops in November to lowest level on record
November 26, 2012
In November, the index of consumer sentiment published by ISTAT dropped to 84.8 points from the 86.2 recorded in October, defying market expectations that had the index picking up to 86.5 and marking the lowest level since records began in 1996. Sentiment deteriorated as households turned more pessimistic regarding both their current and future financial situation compared to the previous month. In contrast, their assessment on the general economy improved, while prospects for the purchases of durable goods were stable compared to October.
Author: Armando Ciccarelli, Head of Data Solutions