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Italian consumer and business morale hit lowest level in years in May

Thursday 28 May 2020 | 14:18 CET | News
Italy's consumer and business confidence remained at the lowest levels in years in May as the Covid-19 pandemic and resulting lockdown hit morale, according to the latest report from national statistics office Istat. After a 1-month hiatus due to technical difficulties related to the coronavirus crisis, Istat said the consumer confidence index fell to 94.3 in May from 100.1 in March, dragged down by a record decline in sentiment about future economic prospects from 94.8 to 71.9.

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