Italy consumer and business sentiment improves in October

Sentiment among consumers and business in Italy both improved in October, results of a survey by national statistics office Istat showed on Tuesday.

The consumer confidence index increased to 97.6 points in October from 96.8 points in September, while the business confidence index improved to 94.3 points from 93.7.

Among the components of the consumer confidence index, the economic climate index improved to 99.3 points in October from 98.8 in September. Within this, the current economic climate improved to 100.2 points from 99.9, and the future one to 94.1 points from 92.6.

Within the business confidence index, confidence in the construction sector moved up to 103.3 points in October from 101.6 in September. The manufacturing confidence index increased to 88.3 points from 87.4. Confidence in the retail trade sector jumped to 105.0 index points in October from 101.8 in September.