Financial Times FT.com

Siniscalco upbeat as Italian consumer confidence declines

By Tony Barber in Rome

Published: July 22 2005 03:00 | Last updated: July 22 2005 03:00

An unexpected fall in Italian consumer confidence cast a cloud yesterday over government hopes that the recession-hit economy was beginning to stage a recovery.

The ISAE research institute's consumer confidence index fell to 100.9 in July from 102.9 in June, touching its lowest level in 13 months and underlying the public's reluctance to make expensive purchases of property or durable goods.

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