Itália Confiança do Empresário

The manufacturing confidence index in Italy rose to 86.5 in May 2025 from an upwardly revised 85.8 in the previous month, exceeding market expectations of 86.2. This marked the highest reading since February, as sentiment improved across several key indicators. Expectations for production (-1.8 vs -2.3 in April), order books (-1.5 vs -1.6), the economic situation (-21 vs -27.4), and cash availability (-7.6 vs -8.8) over the next three months became less pessimistic. Meanwhile, sentiment regarding the three-month employment outlook continued to deteriorate (-1.2 vs -0.6).