Italy: Economic sentiment worsens in March
Latest reading: Economic sentiment declined to 100.7 in March, following February’s 102.0. The latest reading was above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In March, sentiment darkened in the retail sector (+7.9 vs +11.0 in February) and among consumers (-20.0 vs -15.1 in February). However, sentiment turned more upbeat in the industrial sector (-5.8 vs -6.3 in February), the construction sector (+2.2 vs +1.0 in February) and the services sector (+8.0 vs +7.5 in February).