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Italy business and consumer morale rise in September to highest since start of coronavirus

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Morale among Italian businesses and consumers rose in September to the highest level since the start of the country's coronavirus outbreak in February, data showed on Friday.

FILE PHOTO: People walk in a street market in Rome, Italy, August 11, 2016. Picture taken August 11, 2016. REUTERS/Max Rossi

National statistics institute ISTAT’s manufacturing confidence index climbed to 92.1 in September from 87.1 in August, the fourth consecutive increase.ISTAT’s composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, came in at 91.1 in September, compared with August’s reading of 81.4.

All three indexes posted their highest level since February. On the 21st of that month Italy recorded its first cases of COVID-19.

 

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