Financial News: Italy Consumer Confidence At 14-Month High

Italy Consumer Confidence At 14-Month High

04/27/2023 - 06:38:00 (RTTNews)

(RTTNews) - Italy's consumer confidence strengthened for the third straight month in April, reaching its highest level in more than a year, survey results from the statistical office Istat showed on Thursday.

The consumer sentiment index improved to 105.5 in April from 105.1 in the previous month. That was in line with economists' expectations.

This was the highest reading since February 2022, when it was 112.4.

Among components, economic sentiment of consumers improved the most in April, rising to 119.0 from 117.4 in March. The index measuring the current climate improved from 99.5 to 100, while that for future situations decreased marginally to 113.3 from 113.5.

Data also showed that the composite business confidence index rose to a nine-month high of 110.5 in April from 110.1 in the prior month.

The most marked increases were recorded in market services and construction, while contractions were seen in manufacturing and retail trade, the survey said.

The index measuring sentiment among manufacturers dropped to 103.0 from 104.1. The expected reading was 104.0

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Construction Work Done Increases 1.8% In Q1 (39 min(s), 51 sec(s) ago)
(RTTNews) - The total value of construction work done in Australia was up a seasonally adjusted 1. ...Full Story»

Australia Private Sector Credit Climbs 0.6% In April (33 min(s), 51 sec(s) ago)
(RTTNews) - Private sector credit in Australia was up 0.6 percent on month in April, the Reserve B ...Full Story»

China Manufacturing PMI Slides In May - NBS (24 min(s), 51 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to contract in May, and at a faster rate, ...Full Story»

Japan Retail Sales Climb 5.0% On Year In April (09 min(s), 51 sec(s) ago)
(RTTNews) - The total value of retail sales in Japan was up 5.0 percent on year in April, the Mini ...Full Story»

Japan Industrial Production Falls 0.4% In April (03 min(s), 51 sec(s) ago)
(RTTNews) - Industrial production in Japan was down a seasonally adjusted 0.4 percent on month in ...Full Story»

South Korea Industrial Production Slumps In April (31 min(s), 51 sec(s) ago)
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 1.2 percent on mon ...Full Story»

Japan Industrial Production Data Due On Wednesday (47 min(s), 51 sec(s) ago)
(RTTNews) - Japan will on Wednesday release April figures for industrial production, headlining a ...Full Story»

Spain Inflation Eases Unexpectedly To Lowest In 22 Months (16 min(s), 51 sec(s) ago)
(RTTNews) - Spain's consumer price inflation eased unexpectedly in May to the lowest level in ...Full Story»