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Italian consumer confidence up in June, business morale dips

Wednesday 27 June 2018 | 11:08 CET | News
Italian consumer confidence surged in June on the back of promises of higher spending and tax cuts from the new populist coalition government. The latest data from national statistics office Istat revealed that the consumer confidence index rose to 116.2 in June from a revised 113.9 the previous month. However, overall business confidence fell to 106.9 in June from a revised 107.6 the previous month, led by sharp declines in the manufacturing gauge, partly offset by a rise in retail trade confidence, said Istat.

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