Istat, consumer confidence rose in August, declined for businesses

The risk of poverty increases in Italy, to 20.1% in 2021 (ANSA)

In August, an increase in the consumer confidence climate index is estimated (from 94.8 to 98.3), which returns to rise after two consecutive months of decline and is at the same level as last June. Instead, the business confidence index decreased from 110.7 to 109.4, falling for the second consecutive month. Istat indicates it.

For businesses, confidence is worsening in industry (the index is down in both manufacturing and construction, from 106.4 to 104.3 and from 164.4 to 155.8, respectively) and in market services (from 103.9 to 103.3) while it definitely improves in the retail trade (from 108.5 to 113.5).

Looking at the individual series of the consumer confidence index, Istat notes an increase in all variables except for the opinions on the family economic situation and those relating to the possibility of saving in the future, which remain stable compared to last month. Consistently, the four indicators calculated monthly starting from the same components also show a positive evolution: the current and future economic climate recorded the most marked increases, passing, respectively, from 84.9 to 92.9, from 96.1 to 99. , 7 and 92.9 to 96.4; the personal climate rose to a more contained extent (from 98.1 to 100.2).

Source: Ansa

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