Oil prices rise from over 1-mth low with Russia crude buyer sanctions in focus
Investing.com -- New data indicates an unexpected rise in morale among Italian businesses and consumers in January.
This development could potentially bolster the euro zone’s third largest economy, which has seen a slowdown in recent months.
The composite business morale index, which combines surveys from the manufacturing, retail, construction, and services sectors, was reported at 95.7 by the National Statistics Institute ISTAT.
This is a slight increase from the 95.3 reported in December.
Furthermore, consumer confidence has also seen a rise this month. According to ISTAT, the index rose to 98.2, up from 96.3 in December.
This increase in both business and consumer confidence could suggest a positive outlook for the Italian economy going forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.