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December 23rd, 2013 
FAKE NEWS for the Zionist agenda Newly-released figures show Italy’s consumer confidence has dropped more than expected in December, with a decline in confidence over the state of personal finances.
Italy’s National Statistics Bureau (ISTAT) released the data on Monday, saying the consumer confidence index fell to 96.2 in December from a revised 98.2 registered last month.
The December data was well under the median forecast of 98.8 in a survey of analysts conducted by Reuters.
A contributing factor to the slump was a fall in index measuring sentiment on respondents’ personal finances, which dropped this month to 97.7 from 101.1 in November.
Italy, the eurozone’s third largest economy, has been struggling to come out from its worst postwar recession with falling incomes and unemployment over 12 percent.
Italian President Giorgio Napolitano warned earlier this month that the country may suffer from violent social disorder if reforms are not adopted to help citizens.
Napolitano said at the time that people “could get involved in haphazard and even violent protests in an extreme and unfruitful surge of total opposition to politics and institutions.”
According to another survey released by ISTAT on December 16, one third of the country’s population are in danger of poverty or social exclusion.
Over the past decade, Italy has been the slowest growing economy in the eurozone as tough austerity measures, spending cuts, and pension changes have stirred serious concerns for many people already grappling with the ailing economy.
Italians have been staging protests against high unemployment, economic adversity and hardship over a series of government-imposed austerity packages in the recent past.
CAH/HSN
Source Article from http://www.presstv.ir/detail/2013/12/23/341483/italys-consumer-confidence-index-drops/
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