Italian consumer confidence fell
while business confidence rose in October, ISTAT said Thursday.
The consumer confidence index fell from 103.3 to 102.0 while the
business confidence index rose from 91.3 to 92.8, the statistics
agency said.
Consumer confidence was marked by "a widespread and marked
worsening in opinions relating to the general economic situation
and the unemployment trend, while assessments of personal
situations were less negative," ISTAT said.
The stats agency added that there had been a continuation,
"albeit in a more moderate way, of the recovery of the climate
of confidence of businesses, which sees the index grow for the
fifth straight month.
"The improvement concerns industry and retail commerce", it
said, while "the recovery, with respect to levels preceding the
health emergency, is complete only for the construction sector".
All the components of consumer confidence were down, said the
stats agency.
The economic climate and future climate showed the most marked
fall dropping from 94.5 to 87.8 and from 109.3 to 104.5
respectively.
The personal climate fell from 107.1 to 106.4 and the current
climate dropped from 100.2 to 99.9.
Business confidence rises were widely spread across industry and
retail commerce.
In the manufacturing sector the index rose from 92.6 to 95.6 and
in construction it rose from 138.6 to 142.5, while in retail
commerce the index went from 97.5 to 99.3.
Market services showed a fall, from 88.7 to 88.1.
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