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Investing.com -- Morale among Italian businesses and consumers showed signs of improvement in May, following recent downturns, according to data released on Thursday.
The index rose to 93.1 in May, up from 91.6 in April. The April figure was initially reported to be 91.5.
In addition to the rise in business morale, consumer confidence also saw an increase in May.
ISTAT reported that the consumer confidence index climbed to 96.5 this month, up from 92.7 in April.
This figure greatly exceeded the median forecast of 93.0, as predicted by a poll of eight analysts.
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