Monthly report on Italian economy no

The recovery in economic activity is slower than expected.

Overall, household and business surveys provide a mixed picture while first positive results emerge in the labour market presents the first positive results.

In July, firms confidence increased in the construction and service sectors while it remained stable in manufacturing.

Household confidence decreased due to the negative opinions on the current and expected outlook for the economy.

The weak external demand put weigh the recovery in the short-term.