Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Italy’s consumer and business sentiment indices rise in June

Italy’s consumer confidence climate index rose in the month of June, coming in above the consensus expectations. The consumer sentiment index rose from May’s 105.4 to 106.4 in June, as compared with consensus expectations of 106.2, showed Istat.

All the components in the consumer confidence index rebounded. The economic index rose to 123.6, the personal index to 100.9, and the current and future index rose to 105.7 and 107.7, respectively. The balance concerning expectations on unemployment rose to 35.4 from 32.9. The balance on inflation perceptions referring to the past 12 months rose to -3.3 from -11.1 and the balance on inflation expectations for the next 12 months rose to -3.7 from -14.1.

Meanwhile, the business confidence index also rose in the month. The composite business confidence climate index was up to 106.4 from 106.2. The confidence index in manufacturing was up to 107.3 from 106.9. Assessments on order books rebounded, while production expectations deteriorated. The balance on inventories dropped. The sentiment index in construction rose to 129.8 from 128.1. Assessments on order books/construction plans rebounded to -23.4 from -26.7 and employment expectations deteriorated.

The sentiment index in manufacturing rose to 107.3 from 106.9. Assessments on order books rebounded, while production expectations deteriorated. The balance on inventories dropped. The market services sentiment index rose to 106 from 105.6. Assessments on order books deteriorated while expectations on order books rose. Assessments on business trend rebounded.

The retail trade confidence index dropped to 108.9 from 111.1. Assessments on current sales dropped, while expectations on future sales improved. The balance concerning volume of stocks rose. The index deteriorated in the large scale distribution and rose in small and medium scale distribution.

At 20:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at -40.4438, while the FxWirePro's Hourly Strength Index of Euro was highly bullish at 124.679 . For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.