Italy: Economic sentiment deteriorates in November
Latest reading: Economic sentiment ticked down to 99.2 in November from October’s 99.5. Consequently, the index remained below the long-term average of 100, pointing to a negative near-term outlook for the economy.
The headline print reflected deteriorating confidence in the construction and services sectors. Meanwhile, sentiment in the industry sector and among consumers improved. Moreover, confidence in the retail sector strengthened.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index rose in November.