Italy's consumer confidence, industrial turnover fall

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Italy's consumer confidence, industrial turnover fall

STORY: Italy's consumer confidence, industrial turnover fall DATELINE: Oct. 28, 2023 LENGTH: 0:00:54 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of food in a supermarket STORYLINE: Italy's economy revealed new signs of frailty on Friday, as data on business and consumer confidence and on industrial turnover all weakened in the latest reporting periods. Italy's National Institute of Statistics (ISTAT) reported that business and consumer confidence both went down in October, with the biggest decline among individuals and families. Consumer confidence in October fell to 101.6 points from 105.4 points a month earlier, marking the lowest value for the index since January. Business confidence, meanwhile, saw a smaller decline, falling to 103.9 points from 104.9 points. Still, it was the lowest survey result for business confidence levels since April 2021. Both indicators use a 100-point baseline from 2010, adjusted upward or downward based on the responses to the ISTAT survey tabulated near the end

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