Financial News: Italy Consumer Confidence, Business Morale Weakens

Italy Consumer Confidence, Business Morale Weakens

04/24/2024 - 04:50:00 (RTTNews)

(RTTNews) - Italy's consumer confidence decreased in April to the lowest level in five months, survey results from the statistical office Istat showed on Wednesday.

Consumer sentiment dropped to 95.2 in April from 96.5 in the previous month.

Among components, the economic climate index fell to 99.4 in April from 101.9 in March. The index measuring the personal climate decreased to 93.7 from 94.6, and the future climate dropped from 93.9 to 97.2. Meanwhile, the current climate index rose somewhat to 96.2 from 96.0.

The data also showed that the composite business confidence index fell to 95.8 in April from 97.0 in March.

The index measuring sentiment among manufacturers declined to 87.6 from 88.4. The morale for construction worsened notably, with the index falling to 103.4 from 105.7. Similarly, confidence weakened in both the market services and retail trade.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Hungary Trade Surplus Grows In March (56 min(s), 07 sec(s) ago)
(RTTNews) - Hungary's foreign trade surplus increased in March from a year ago, as imports fel ...Full Story»

Indonesia GDP Growth Exceeds Expectations (01 hr(s), 15 min(s), 07 sec(s) ago)
(RTTNews) - Indonesia's economy grew more than expected in the first quarter on robust governm ...Full Story»

Sweden Service Sector Turns Contraction In April (01 hr(s), 18 min(s), 07 sec(s) ago)
(RTTNews) - Sweden's service sector activity deteriorated for the first time in five months in ...Full Story»

Russian Services Activity Expands Least In 15 Months (01 hr(s), 52 min(s), 07 sec(s) ago)
(RTTNews) - The Russian services activity grew at the weakest pace in more than a year in April am ...Full Story»

China Service Sector Growth Moderates In April (02 hr(s), 28 min(s), 07 sec(s) ago)
(RTTNews) - China's service sector continued to expand in April but the pace of growth moderat ...Full Story»

India's Services Activity Logs Further Strong Expansion (02 hr(s), 33 min(s), 07 sec(s) ago)
(RTTNews) - India's service sector activity continued to expand sharply in April, as growth in ...Full Story»

European Economic News Preview: Eurozone Final PMI, Investor Confidence Due (03 hr(s), 48 min(s), 07 sec(s) ago)
(RTTNews) - Final composite Purchasing Managers' survey results, investor sentiment and produc ...Full Story»

Hong Kong Private Sector PMI Slips In April - S&P Global (13 min(s), 53 sec(s) ago)
(RTTNews) - The private sector in Hong Kong continued to expand in April, although at a slower pac ...Full Story»