Italy consumer confidence index down to 105.7 in June

Nathan Andrada – Fourth Estate Cooperative Contributor

Rome, Italy (4E) – Confidence by Italian consumers fell in June, the first decline in four months, according to a survey from the statistical office Istat released Wednesday.

Consumer confidence surprisingly fell to 105.7 from May’s revised figure of 106.2. The score was expected to climb to 106.4 from the original estimate of 106.3 in May, which was the highest level since January 2010.

Consumers’ opinion of current economic situation declined to 116.4 from 118 and sentiment about the future dropped to 107.2 from 108.7.

Unemployment expectations climbed to 50 in June from May’s reading of 43. For the next 12 months, expectations on inflation rose to minus 26 from minus 33 in the prior month.

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