Italy, consumer confidence down in September at least from July 2008 - ISTAT

Tuesday, 27 September 2011 00:00 - - {{hitsCtrl.values.hits}}

ROME (Reuters) - In September, the index of consumer confidence fell to its lowest level since July 2008.

According to figures released by Istat, the index fell to 98.5 from 100.3 in August, in line with the estimates obtained by Reuters among economists.

The decline was widespread on all components, is more marked for the current economic climate, whose index decreases from 70 to 67.8. Reliance on the personal situation falls from 116.2 to 114.4.

“Worst of the evaluations, present and future, the country’s economic situation and the family, as well as judgments on the family budget and whether current savings,” says commenting on Istat data.Deteriorate, albeit with less intensity, also the expected evolution of the labor market. “The balance of the opinions on the recent consumer price index and those of the dynamic forecasts of their future record an increase over the previous month,” said Mayor.Confidence worsens in almost all areas and the deterioration is, according to Istat, “particularly intense” in the South.

Only in the Northeast is a slight recovery