Rome

Consumer confidence up in July after reaching record low

Index climbs from 85.4 points to 86.5

Consumer confidence up in July after reaching record low

(ANSA) - Rome, July 25 - Consumer confidence in recession-hit Italy recovered this month after hitting a record low in June, Istat said on Wednesday. The index climbed from 85.4 points to 86.5, the national statistics agency said. Consumer confidence is important because people tend to spend less if they are pessimistic about the economic climate, which makes it harder for the economy to return to growth.

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