Italian Consumer Confidence Unexpectedly Rose in November
This article is for subscribers only.
Italian consumer confidence unexpectedly rose in November even as austerity measures and Europe’s debt crisis sparked concern that the economy may slip into a recession.
The sentiment index increased to 96.5 from a revised 93.3 in October, national statistics office Istat said in Rome today. Economists had predicted a reading of 92.4, according to the median of 14 forecasts in a Bloomberg News survey. Istat originally reported a confidence reading of 92.9 last month.