The confidence index falls in July to 103.7 from 105.8. The downswing is mainly due to a pessimism particularly focused on short term expectations, which falls from 93.6 to 87.9 and on the overall economic situation, whose confidence decreases from 78.3 to 75.1.
The indicator on personal climate shows a slight decline (from 120.1 to 118.8) while that on current situation shows a recovery instead (from 116.2 to 117.1).
Finally, inflation perceptions for the last 12 months slow down while the expectations for 12 months ahead increase again.