Italian Confidence Data Sends Mixed Signals In June
ING Economic and Financial Analysis
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2026-06-26
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via All Articles on Seeking Alpha
Summary Data mostly collected before the signing of the US-Iran deal still point to consumer vulnerability and mixed improvements among businesses. In April and May, confidence in the service sector had unsurprisingly recorded two sharp falls. A clear slowdown in GDP growth in the second quarter seems highly likely. Dirk von Mallinckrodt/iStock via Getty Images
By Paolo Pizzoli, Senior Economist, Italy, Greece
The Italian economy started the year relatively strongly, but April and May confidence data pointed to a slowdown, albeit still in positive territory. June’s reading of 92.4 (from 93.4 in
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