Italy Economy Real Time Data Charts

Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Italy related comment. He also maintains a collection of constantly updated Italy economy charts together with short text updates on a Storify dedicated page Italy - Lost in Stagnation?

Tuesday, October 23, 2007

Italian Consumer Confidence Index October 2007

Well the real data that everyone has been waiting for on the eurozone is about to come rolling in, but just to keep us occupied in the meantime, we have another sentiment indexto look at, this time it is the Italian Consumer Confidence one.

Italian consumer confidence in October was unchanged from September as higher energy prices and signs of slowing economic growth weighed on optimism. The Rome-based Isae Institute's index, based on a poll of 2,000 households, held at 107.3, the same as last month.

It's hard to know what to make of this reading at this point. As I have often said I don't think we can eak too much pleasure or pain out of any one single data reading. The index level is, of course, still well down on the highs registered earlier in the year, and most of the real economic indicators are on their way down, with the exception of unemployment, of course, but I have already addressed this apparent anomaly here.

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