Italy's consumer confidence index slipped to 97.4 in October 2024 from 98.3 in September, missing forecasts of 98.5.
Italy’s consumer confidence slips in October
Despite the decline, the index remained above the yearly average, contrasting with weaker business sentiment. Confidence in the current economic climate fell (99.7 vs 103.9), with expectations for future economic conditions reaching a six-month low (95 vs 97.4). This dip highlights consumer concerns over Italy’s near-term financial outlook, likely influenced by inflation pressures and economic uncertainty in the Eurozone.
Italian personal finance sentiment edges up amid economic concerns
On a brighter note, sentiment around personal finances slightly improved (96.6 vs 96.3), suggesting that Italian households still feel moderately optimistic about their immediate financial stability despite broader economic challenges.
