Italian Consumer Confidence Rises, Manufacturing Morale Down
- New government has promised popular tax cuts for Italians
- Country’s populist coalition was sworn earlier this month
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Italian consumer confidence jumped this month while manufacturing morale fell under the country’s new populist government.
Household morale increased to 116.2 from a revised 113.9 last month. Prime Minister Giuseppe Conte’s coalition has promised tax cuts and spending increases that have appealed to ordinary Italians.