RTTNews - Consumer confidence in Italy rose to its highest level since December 2007, economic think thank ISAE said Wednesday.
The gauge for households' confidence about the economy rose to 105.4 in June from a revised 104.9 in May. That was an unexpected increase because economists' had predicted the reading to fall slightly to 104.7.
The survey carried out between June 3 and 16 found that households' general view about the economy rose for the third consecutive month and the corresponding index rose to 79.5 from 77.2.
Consumers were less positive about the current conditions in the economy. The corresponding indicator dropped to 112 from 113.3. At the same time, the expectations index climbed to 98.1 from 94.5.
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