Italy business and consumer morale slump in March as outlook worsens

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Italy business and consumer morale slump in March as outlook worsens

^{Published on 2025-03-29 01:41:10 - Reuters}

Morale among Italian businesses and consumers slumped in March, data showed on Friday, casting a shadow over already weak growth prospects for the euro zone's third largest economy. National statistics bureau ISTAT's composite business confidence index,

In March, Italy experienced a significant decline in both business and consumer morale, as reported by ISTAT, the national statistics institute. The business confidence index dropped to 104.0 from 104.6, reflecting a downturn in sentiment across various sectors including manufacturing, construction, and retail. Consumer confidence also fell, with the index decreasing to 105.1 from 105.4, marking the lowest level since January. This decline in morale comes amidst a backdrop of economic challenges, including a slight increase in inflation to 8.2% from 8.1% in February, driven by higher energy prices. The worsening outlook is further complicated by political instability and concerns over the economic recovery post-COVID, with fears that Italy might face a technical recession if the current trends continue.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/italy-business-and-consumer-morale-slump-in-march-as-outlook-worsens/ar-AA1BPzHi ]

N@N

Italy business and consumer morale slump in March as outlook worsens