Italian business confidence dropped to its lowest level in almost three years in June as slowing economic growth, rising energy costs and a stronger euro all weighed on orders. The Isae Institute's business confidence index dropped to 87.1 from a revised 89.4 in May. That is the lowest reading since July 2005.
The sub-index for total orders fell to minus 18 from minus 16 in May, and the three-month outlook for production fell to 11 from 14. Sentiment about the economic situation going forward worsened, with that sub-index falling to minus 14 from minus 10.
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?