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Italian consumer confidence drops

Istat index falls to 97.5 from 98 in January

25 February, 12:15
Italian consumer confidence drops (ANSA) - Rome, February 25 - Consumer confidence in Italy has fallen this month, national statistics agency Istat said on Monday.

The agency said its consumer-confidence index fell to 97.5 points this month from 98 points in January. Consumer confidence has seesawed in recent months as the country timidly to emerge from its longest postwar recession.

The downturn ended in the second half of last year, but the recovery is weak and Italy's gross domestic product grew just 0.1% in the fourth quarter of 2013.

Consumer confidence is important because people tend to spend less if they are pessimistic about the economic climate.

The Istat index score for February was composed on the basis of a survey conducted between the start and the middle of the month.

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