Italy: Economic sentiment deteriorates in September
Economic sentiment fell to 97.9 in September from August’s 100.1. September’s result marked the weakest sentiment since October 2022. Consequently, the index dipped below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial sector and sentiment in the construction sector. Meanwhile, confidence in the services sector weakened in September, while sentiment in the retail sector improved in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index improved in September.