ROME, Feb 27 (Reuters) – Morale amongst Italian businesses was steady in February, while consumer confidence rose, data showed on Monday. National statistics institute ISTAT’s manufacturing confidence index was unchanged at 102.8 this month. The January figure was previously given as 102.7. ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, was also unchanged at 109.1 thanks to improved sentiment among retailers, while morale in the service and construction sectors dipped. Register for free to Reuters and know the full story Advertisement · Scroll to continue Consumer confidence this month climbed to 104.0 from 100.9 in January. ISTAT said the rise was due to positive expectations for the general economic outlook and improving assessments of both the advisability of making purchases in the short term and the possibility of saving in the future. Despite facing many headwinds, the euro zone’s third largest economy has appeared to be holding up better than expected a few months despite high energy costs exacerbated by the war in Ukraine. Latest Updates European shares kicks off week on solid footing, all sectors rise Upbeat earnings help FTSE 100 rebound from last week’s selloff Germany’s Commerzbank makes DAX comeback […]
Italy business confidence steady, consumer morale rises in Feb
You may also like...
