Italy: Business confidence hits new all-time high in July
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—rose to 116.3 in July from June’s 112.8, marking the strongest sentiment on record.
The rise chiefly came on the back of improved sentiment in the construction and market services sectors. In addition, confidence in the retail trade and manufacturing sectors also strengthened from the previous month.