Italy: Business confidence continues to improve in October
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 from 91.3 in September to 92.9 in October.
The increase was driven by improved sentiment in the manufacturing, construction and retail trade sectors; however, confidence in the market services sector slipped in the month.