Italy business and consumer confidence morale fall in July as political instability returns

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Reuters UK

ROME, July 27 (Reuters) – Morale amongst Italian businesses and consumers fell in July, a month that marked the return of political instability to Italy with the collapse of Prime Minister Mario Draghi’s national unity government, data showed on Wednesday. National statistics institute ISTAT’s manufacturing confidence index dropped to 106.7 in July from a downwardly revised 109.5 in June, lower than a median forecast of 108.0 in a Reuters survey of 10 analysts. The June figure was previously given as 110.0. ISTAT’s composite business morale index, combining surveys of the manufacturing, retail…

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