Italy

Italian consumer confidence lowest since 2017

cde.news desk 27 November 2019, 17:05 · 1 min read

epa04443284 Enterprising shop owners and their staff selling their wares in one of the so-called Mud Markets, in Genoa, northern Italy 12 October 2014. The 'alfresco' shops were created as a result of the severe flooding that hit the city recently. Local shops have exhibited shoes, bedding and clothing outside and are selling products at low cost as they have been soiled by mud. EPA/LUCA ZENNARO

Italian consumer confidence registered a “decisive drop” in November, with ISTAT’s index falling to 108.5 points, the lowest level since July 2017, down from 111.5 in October, the national statistics bureau said on Wednesday.

It said the drop was due to worsening concerns over the Italian economic situation and increasing unemployment.

When focusing only on how families view the country’s overall health, the rate fell to its lowest level since January 2015.

Via ANSA

Filed under Economy Italy

Topics Economy Italy

Italian consumer confidence lowest since 2017

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