Italy's October batch of confidence data marks an improvement in all monitored sectors but services. This is good news for Italian growth perspectives in the fourth quarter
Following a second quarter still heavily impacted by the introduction of new US tariffs, early data for the third quarter points to a very mild improvement, though sectoral contributions remain uneven. Today’s confidence indicators for September appear to support this view
The slowdown in energy prices was offset by rising costs in food and certain services, leaving headline inflation unchanged. Given the current subdued economic environment, we expect inflation to hover around current levels, with a temporary deceleration likely
