Italy's consumer confidence index drops from 94.8 to 90.1 in Oct

The confidence climate in manufacturing went down from 101.2 to 100.4. More specifically, assessments on order books worsened, while expectations on future production slightly recovered. As for assessments on inventories, the balance of the variable grew from 3.1 to 3.9, Istat said in a release.

Particularly marked negative signals came from the current and the personal confidence climate indices whose values fell from 96.9 to 91 and from 99.3 to 94.3 respectively.

The retail trade confidence showed a further deterioration moving from 110.5 to 108.7. In particular, unfavourable signals came from both assessments on current business trend and expectations on future sales. Inventories slightly increased.

ALCHEMPro News Desk (DS)