In March 2022, a sharp decrease in the consumer confidence climate index is estimated, passing from 112.4 to 100.8. Istat notes this, underlining that it drops to the lowest value since January 2021.
The composite index of business confidence recorded a more contained decline, going from 107.9 to 105.4. Istat stresses that the so marked downsizing of the consumer index “is essentially due to the sharp deterioration in expectations both on the economic situation of the country and on the personal one as well as to an increase in expectations on unemployment. The opinions on unemployment are also significantly worsening. opportunity to purchase durable goods.
Germany’s Ifo index also fell sharply: “the sentiment of the German economy has collapsed”, commented by the institute.
Source: Ansa
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