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- Italy's сonsumer and business confidence fell sharply in March
Italy's сonsumer and business confidence fell sharply in March
According to the report from Istat, in March 2020, the consumer confidence climate slumped from 110.9 to 101.0. The heavy deterioration affected all index components. More specifically, the economic climate plummeted from 121.9 to 96.2, the personal one deteriorated from 107.8 to 102.4, the current one went down from 110.6 to 104.8 and, finally, the future one collapsed from 112.0 to 94.8. As for the business confidence climate, the index (IESI, Istat Economic Sentiment Indicator) crashed from 97.8 to 81.7.
The confidence index in manufacturing drastically reduced passing from 98.8 to 89.5. The confidence index in construction decreased from 142.3 to 139.0. The market services confidence index tumbled from 97.6 to 79.6. The retail trade confidence index plummeted from 106.9 to 97.4. The retail trade confidence fell both in the small and medium scale distribution (from 102.3 to 92.7) and in the large scale one (from 109.0 to 99.4).
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