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Italian consumer and business confidence rise in December

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Italian consumer and business confidence rise in December

Italian consumer and business confidence measures both rebounded in December after showing weakness in the previous month, the National Institute of Statistics said.

The consumer confidence index rose to 116.6 in the month, up from 114.4 in November, as measures of the economic, personal, current and future climate all increased.

The business confidence index inched up to 108.9 from 108.8 on the back of improved sentiment in market services and retail trade. Confidence among market services firms rose to 108.9 from 108.3, as expectations on order books and assessments on business trend saw a lift.

The retail trade confidence index rose to 112.3 from 110.1 on improving expectations on future sales, though assessments on current sales and assessments on volume of stocks both deteriorated.

The manufacturing confidence index fell to 110.5 from 110.7 amid lowered production expectations, while assessments on order books improved. The balance of inventories went up.

The confidence index in construction declined to 127.1 from 132.1 due to worsening assessments on order books and construction plans, as well as more subdued employment expectations.