Italy's consumer confidence Index for August is 96.2, below the estimated 97.3 and slightly down from 97.2 in July 🇮🇹
ITALY CONSUMER CONFIDENCE INDEX AUG: 96.2 (EST 97.3; PREV 97.2)
Italy Consumer Confidence Index Aug: 96.2 (est 97.3; prev 97.2) - Manufacturing Confidence: 87.4 (est 87.6; prev 87.8) - Economic Sentiment: 93.6 (prev 93.6)
Italian consumer confidence weakened for a second month in August, with the headline index slipping to 96.2 from 97.2 in July and undershooting economists’ consensus of 97.3. The decline suggests households are becoming more cautious about economic prospects as higher borrowing costs and lingering inflation weigh on purchasing power. Sentiment among manufacturers also cooled. The manufacturing business‐confidence index fell to 87.4, marginally below expectations of 87.6 and down from 87.8 the previous month. A broader economic-sentiment measure held steady at 93.6, indicating that while overall expectations remain fragile, the deterioration is confined mainly to consumer and factory outlooks.
