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Italy Feb. Consumer Sentiment Improves More Than Expected

Italy's consumer confidence improved more than economists expected in February, helped by a marked improvement in the economic component, data released by statistical office Istat showed Thursday.

The consumer confidence index increased to 94.2 in February from 91.8 in January. Economists were looking for a reading of 92.

Among components of the headline index, consumers' views of the country's economic climate turned more upbeat during the month, with the relevant indicator rising to 86.7 in February from 76 in the previous month.

At the same time, Italian households were more optimistic about the future economic condition. The corresponding indicator moved up markedly to 86.2 from 78.8 in January.

Meanwhile, the current conditions sub-index dropped to 100.3 in February from 102.3 in the previous month, while the indicator that measures households' perceptions of their personal financial situation edged down to 97.5 from 97.9.

by RTT Staff Writer

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