Italy's consumer confidence index improves from 100.9 to 104 in Feb

02 Mar '23

1 min read

Pic: Shutterstock

Italy’s consumer confidence index improved from 100.9 to 104 in February. Among the index components, the economic climate increased from 107.6 to 114.5, the future one grew from 108.6 to 113.4, the personal one rose from 98.6 to 100.5 and the current climate bettered from 95.7 to 97.6. The business confidence climate index (Istat economic sentiment indicator) remained stable at 109.1.

The confidence climate in manufacturing held steady at 102.8. Both expectations on production and assessments on order books improved, while inventories were considered to have slightly built up, the Italian National Institute of Statistics (Istat) said in a release.

The retail trade confidence index climbed from 110.6 to 114.6. Strong optimistic hints, in particular, were reported on the future volume of sales and firms overall gave positive assessments also on current business activity.

However, inventories continued to increase, Istat added.

ALCHEMPro News Desk (DS)

More Textiles News - Italy...