Italy's consumer, biz, retail trade confidence fall in Sept 2023

The economic climate diminished from 121.5 to 115.2, the current one lowered from 101.4 to 100.2 and, finally, the future one went down from 114.1 to 113.2.

The business confidence climate index decreased in the month as well, moving down from 106.7 to 104.9, according to the country’s official statistics agency Istat.

The confidence climate in manufacturing regressed from 97.7 to 96.4. Compared to the previous survey, assessments on both order books and expectations on production further worsened, while the level of inventories rose.

The retail trade confidence index continued to get worse passing from 108.7 to 107.3 in the month. The level of inventories shrank, assessments on current business conditions further worsened and, finally, expectations on the volume of future sales became more cautious.

ALCHEMPro News Desk (DS)