Italy's consumer confidence decreased more than expected in August, while composite business confidence stayed unchanged, survey data from the statistical office Istat showed on Thursday.
Consumer sentiment dropped to 96.2 in August from 97.2 in the previous month. The expected reading was 96.6.
Among components, the personal climate index weakened to 95.9 in August from 96.9 in July, and the future climate index dropped to 92.2 from 93.9. Similarly, the index measuring the current climate dropped to 99.2 from 99.7, and the general economic climate index worsened from 98.2 to 97.0.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.