Financial News: Italy Consumer Confidence Eases To 9-Month Low; Business

Italy Consumer Confidence Eases To 9-Month Low; Business Morale Weakens Further

10/27/2023 - 04:58:00 (RTTNews)

(RTTNews) - Italy's consumer confidence declined in October to the lowest level in nine months, and business morale fell to the weakest level in two-and-a-half years, survey results from the statistical office Istat showed on Friday.

Consumer sentiment fell to a 9-month low of 101.6 in October from 105.4 in the previous month. Economists had expected the index to decrease slightly to 105.2.

Among components, the economic sentiment of consumers dropped from 115.2 in September to 110.5 in October.

The index measuring the future climate declined to 107.7 from 113.2, and the personal climate index decreased to 98.6 from 102.2.

Data also showed that the composite business confidence index fell to 103.9 in October from 104.9 in the prior month.

Moreover, this was the lowest score since April 2021, when it was 101.6.

Among components, all sectors recorded decreases in October, except construction, the survey said.

The index measuring sentiment among manufacturers worsened to a 35-month low of 96.0 from 96.4, as expected. In construction, the index rose from 160.9 to 163.8.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: Eurozone Final Factory PMI Due (18 min(s), 56 sec(s) ago)
(RTTNews) - Factory Purchasing Managers' survey results from the euro area and the UK are due ...Full Story»

South Korea Manufacturing Sector Steady In November - S&P Global (17 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in South Korea was stagnant in November, the latest survey fr ...Full Story»

Indonesia Manufacturing Sector Picks Up Steam In November - S&P Global (07 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in Indonesia continued to expand in November, and at a faster ...Full Story»

Philippines Manufacturing Sector Accelerates In November - S&P Global (02 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in the Philippines continued to expand in November, and at a ...Full Story»

Taiwan Manufacturing Contraction Slows In November - S&P Global (52 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in Taiwan continued to contract in November, albeit at a slow ...Full Story»

Malaysia Manufacturing PMI Ticks Higher In November - S&P Global (47 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in Malaysia continued to contract in November, albeit at a sl ...Full Story»

Thai Manufacturing PMI Improves To 47.6 In November - S&P Global (37 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in Thailand continued to contract in November, albeit at a sl ...Full Story»

Vietnam Manufacturing PMI Sinks To 47.3 In November - S&P Global (32 min(s), 04 sec(s) ago)
(RTTNews) - The manufacturing sector in Vietnam continued to contract in November, and at a faster ...Full Story»