Italy’s consumer morale surprisingly improves in July

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

Consumer morale in Italy has increased for a third straight month in July, data by the National Institute of Statistics showed.

The gauge of consumer confidence came in at a reading of 98.9 in July, while improving from 98.3 in June. It has been the highest level of confidence since February 2022.

Market consensus had pointed to a drop to 98.

The economic climate sub-index rose to 105.6 in July from 105.3 in June, the future climate sub-index went up to 99.4 from 98.7, the personal climate sub-index improved to 96.5 from 95.8 and the current climate sub-index rose to 98.5 from 98.1.

The EUR/GBP currency pair settled 0.13% lower at 0.8428 on Friday. For the week, the minor currency pair edged up 0.12%.

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