Financial News: Italy Consumer Confidence Improves; Business Morale Weaken

Italy Consumer Confidence Improves; Business Morale Weakens

05/29/2024 - 07:34:00 (RTTNews)

(RTTNews) - Italy's consumer confidence increased more-than-expected in May after falling in the previous two months as all subcomponents made positive contributions, survey results from the statistical office Istat showed on Wednesday.

Consumer sentiment rose to 96.4 in May from 95.2 in the previous month. The expected score was 96.0.

Among components, the economic climate index strengthened to 101.9 in May from 99.4 in April. The index measuring the future climate also improved strongly to 95.7 from 93.9, and the personal climate advanced from 93.7 to 94.4. Similarly, the current climate index rose to 97.0 from 96.2.

The data also showed that the composite business confidence index fell to a 6-month low of 95.1 in May from 95.8 in April.

The index measuring sentiment among manufacturers rose to 88.4 from 87.7. Meanwhile, the morale for construction worsened, with the index falling to 101.6 from 103.3. Data showed that confidence remained broadly stable in the retail trade, while morale for services declined.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8% (08 hr(s), 50 min(s), 11 sec(s) ago)
(RTTNews) - The Atlanta Fed released its initial estimate for the third quarter growth based on it ...Full Story»

U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July (10 hr(s), 41 min(s), 11 sec(s) ago)
(RTTNews) - The University of Michigan released revised data on Friday showing consumer sentiment ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates (11 hr(s), 38 min(s), 11 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Spain Jobless Rate Lowest Since 2008 (11 hr(s), 52 min(s), 11 sec(s) ago)
(RTTNews) - Spain's unemployment rate fell to the lowest level in nearly 16 years in the secon ...Full Story»

Denmark Retail Sales Fall 0.1% (12 hr(s), 0 min(s),11 sec(s) ago)
(RTTNews) - Danish retail sales decreased slightly in June after recovering in the previous month, ...Full Story»

Hungary Jobless Rate Falls To 4.3% (12 hr(s), 16 min(s), 11 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased slightly during the April-June period, data ...Full Story»

U.S. PCE Price Index Inches Higher In June, Annual Growth Slows To 2.5% (12 hr(s), 25 min(s), 11 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Russia Central Bank Hikes Rate By 200 Bps (12 hr(s), 38 min(s), 11 sec(s) ago)
(RTTNews) - Russia's central bank raised its benchmark rate by 200 basis points on Friday amid ...Full Story»