Italy Business, Consumer Morale Rise Following Formation Of New Government
Morale among Italian businesses and consumers rose in June, data showed on Wednesday, after months of political stalemate ended with the formation of an anti-establishment coalition government.
National statistics institute ISTAT's manufacturing confidence index slipped to 106.9 in June from 107.6 in May, in line with the median forecast of analysts surveyed by Reuters.
However, ISTAT's composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, climbed to 105.4 from 104.6 thanks to improved sentiment among service providers and retailers.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!