• The Financial District

CONSUMER CONFIDENCE IN ITALY SLIDES

Italian consumer confidence fell and business confidence rose in July, the Italian statistical agency ISTAT reported late on Friday, July 24, 2020, the Italian news agency ANSA reported.

The consumer confidence index fell from 100.7 in June to 100.0 in July while business confidence rose for the second straight month, from 66.2 in June to 76.7 in July.

Nonetheless, ISTAT said the index was "far from the levels preceding the health emergency."


As for households, the fall followed a slight rise in June. The drop was determined by gloom over the economy, the situation of Italy and prospects for the future, ISTAT told ANSA.



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