Business and consumer sentiment in Italy improves in December

According to the Italian statistical office (ISTAT), business and consumer sentiment in Italy improved in December. Confidence in the manufacturing sector weakened, however.

According to the report, the overall business sentiment index rose to 107.8 in December from 106.5 in November. The overall business sentiment index reached its highest level since August in December.

However, the producer sentiment index fell to 101.4 in December from 102.5 in November, below expectations of 102.7, and the consumer confidence index rose to 102.5 in December from 98.1 in November, exceeding expectations of 98.5.

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