Italy consumer confidence index rises in April

Nathan Andrada – Fourth Estate Cooperative Contributor

Rome, Italy (4E) – Confidence by Italian consumers continued its rise in April as optimism grows among households about the economy’s future, according to statistics institute Istat’s report released Monday.

The data suggests that the administration of Premier Matteo Renzi has positive impact on the national sentiment.

The country’s consumer confidence index climbed to 105.4 in April from 101.9 in the prior month, according to Istat. The statistics firm slightly revised upward the figure for March.

The figure in April is the highest level since January 2010, although Istat implemented some changes in the methodology of the survey last June.

Italian households, which tend to have high savings and low debt burdens, showed a more buoyant sentiment about their economic situations and private expectations, Istat said.

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