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Economy And The Numbers

Italy Consumer Confidence Rises In May; Business Morale Weakens

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Cofidence among Italian households remaind less pessimistic in May, while business confidence decreased to the lowest level in eight months, survey results from the statistical office Istat showed on Thursday.

Consumer sentiment rose to a 3-month high of 93.4 in May from 90.8 in the previous month. However, a score below 100 indicates a pessimistic outlook.

All components showed positive developments, with the exception of assessments of the general economic situation and opinions on the opportunity for savings in the current phase, the survey said.

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