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Italian Istat published data on the level of consumer confidence in the country, according to which in April the corresponding index was 110.5 points, down from 111.2 points in the previous month. The Office notes a decrease in consumer confidence in Italy for the past three months. Experts had expected that in April, the index would increase to 111.3 points. The indicator characterizing the economic climate dropped to 122.6 points from 123.8 points. The indicator, which determines consumers' expectations for the future, amounted to 115.6 points, dropping from 115.9 points. The rise in the unemployment expectation index from 26.5 points to 27.1 points pointed to a worsening situation in the labor market. Of all the sectors, the growth of the trust index was recorded only in construction.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
Japan retail sales fell a double-digit pace for the second month in May as the coronavirus pandemic heavily affected consumer confidence and hopes for economic recovery. Retail sales dropped 12.3% in May year-on-year as the downturn in demand ...
Italy’s Treasury announced on Wednesday the state’s approval to a 6.3 billion euro ($7.1 billion) loan to Fiat Chrysler, directed to its unit in Italy. This is the largest crisis loan granted to any auto firm to date. The announcement ...
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