Italian Manufacturing Confidence Improves For Fifth Straight Month In February -ISAE

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Italian manufacturing confidence increased for the fifth consecutive month in February, economic think tank ISAE said on Thursday.

Manufacturers' confidence indicator rose to 84 in February from 83.2 in January. This was the highest level since June 2008. Economists expected an increase to 83.6.

According to the think tank, all sub-indicators of the manufacturing sentiment index did not improve in February. The index for intermediate goods increased to 82.9 from 80.4 in January, while confidence indicator on goods investment and consumption fell to 78.9 from 79.1.

Italian manufacturing confidence increased for the fifth consecutive month in February, economic think tank ISAE said on Thursday. (Market News Provided by RTTNews)