Italy: Economic sentiment hits an over two-year high
Latest reading: Economic sentiment increased to 101.8 in November, following October’s 100.7. November’s reading was the highest since April 2023. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In November, sentiment improved in the industrial sector (-5.4 vs -6.5 in October), the services sector (+4.1 vs +2.6 in October) and the retail sector (+15.3 vs +13.6 in October). On the flipside, sentiment worsened in the construction sector (+4.5 vs +4.7 in October) and consumer sentiment (-16.4 vs -15.3 in October).