Martedì, 16 Ottobre 2018

Italian firms' confidence edges up in October


Rome, October 26 - Confidence among Italian
companies edged up in October to 76.6 points from 76.0 in
September, when it fell slightly, Istat said Friday.
The market-services and retail sectors fed the gain while
manufacturing and construction confidence was down, the
statistics agency said.
Pessimism among recession-hit Italian households is at its
highest level since 1996, Istat said on Wednesday.
Italy entered a recession in the last quarter of 2011 as
the global slowdown worsened the effects of flagging
productivity and demand was hit by the government's tax
increases and spending cuts to trim the eurozone's
second-biggest debt.
The government, led by technocrat Mario Monti who has
boosted Italy's credibility since taking over from Silvio
Berlusconi with bond spreads at 573 points almost a year ago,
last month revised its GDP forecast to a 2.4% loss this year,
twice its previous prediction.

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