Business confidence fell this month,
but consumer confidence rose, national statistics bureau Istat
said on Friday.
Business confidence dropped for the fourth consecutive month in
July, from 94.5 to 94.2, according to Istat.
On the other hand, consumer confidence has continued to grow
"without interruption since last May," with the index rising
from 98.3 to 98.9 in July, reaching its highest level since
February 2022.
Business confidence fell "for the fourth consecutive month,
below the average of the past 12 months.
The business index drop was attributed by Istat to the worsening
situation of the construction sector and, in particular, "market
services".
Istat also said Friday that 4.7 million workers were waiting
for their job contract to be renewed at the end of June.
Meanwhile, the average hourly wage between January and June 2024
rose 3.1% compared to the same period last year, the national
statistics agency said.
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