Confidence of Italian manufacturers and service providers improved in August, but persisting weakness in demand dragged down retailers' sentiment, latest set of surveys by the economic think tank ISAE showed Tuesday.
Italian manufacturers confidence rose to 74.8 in August from a revised reading of 72.4 in July, while economists had forecast an increase to 73.
A gauge for the service sector climbed to minus 6 from minus 13. It is likely to turn to a positive reading in the coming months.
However, retailers' confidence indicator declined to 98.1 from downwardly revised 98.7 in July.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.