Italy's consumer confidence rose further in October to the highest level in eight months, and composite business confidence also strengthened on the back of an overall improvement in the assessments of industrial and retail entrepreneurs, survey data from the statistical office Istat showed on Tuesday.
Consumer sentiment improved to 97.6 in October from 96.8 in the previous month. However, any reading below indicates a pessimistic outlook.
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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.