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Italy consumer confidence, business morale strongly improve in September

Staff writer |
Italy's consumer confidence and business sentiment remained strong in September at their highest level in more than two years, the statistical office ISTAT said.

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The consumer confidence index climbed to 112.7 from 109.3 in August, which was revised from 109. The index rose for a second straight month.

Strong improvement was seen in households' view on the economic situation and the corresponding measure jumped to 143.2 from 133.1. The expectations index also registered sharp gains, rising to 122 from 117.7. The personal situation and the current conditions indexes also increased.

The manufacturing confidence index climbed to 104.2 from 102.7, which was revised from 102.5. Sentiment also improved in the construction sector, services and retail industries.

The overall business confidence index rose to 106.2 from 103.9.

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