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Rome

Renzi jubilant as consumer confidence hits new high

Index reaches best level on record

Renzi jubilant as consumer confidence hits new high

Rome, January 27 - Istat said Wednesday that its consumer-confidence index reached a new high of 118.9 points this month. This was up from 117.7 in December, the previous highest level recorded since the national statistics agency started releasing data on this factor in January 1995. Italy returned to positive growth in 2015 after years of recession. Premier Matteo Renzi hailed the Istat data. "Confidence is our most important reform," Renzi said on his Facebook page. "All the indicators say that confidence is coming back to Italy. Today Istat certified that consumer confidence is at its highest level in 21 years... I know that we have to insist, work and persevere. "But giving the Italian people the future back is the most beautiful and important reform of the last two years". Istat added, however, that its IESI business-confidence index dropped to 101.5 points in January from 105.6 in December.

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