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2025-10-28 17:34:19
Italian Economic Confidence Rises Against Trends, Two Indicators Exceed Expectations: (1) Italy's business confidence index rose to 94.3 in October from 93.7 in September, and the manufacturing sub-index rose to 88.3 from 87.4, both exceeding analysts' expectations. (2) Consumer confidence climbed for the second consecutive month to 97.6, a significant increase from 96.8 in September, primarily driven by improved economic outlook and household savings. (3) Despite facing pressure from a 0.1% quarterly economic contraction and downward revisions to government growth forecasts, international rating agencies have successively upgraded Italy's credit rating in the past two months. (4) Confidence in the retail and construction sectors grew simultaneously, while the service sector saw a slight decline, demonstrating the resilience of the Eurozone's third-largest economy.
