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rdf:type	schema:NewsArticle
schema:articleBody	Consumer confidence in Italy jumped to the highest level in nearly three years in June, while business confidence also rose sharply, official data showed Friday. It was the latest in a series of positive indicators for the eurozone's third-largest economy, which is recovering from a record recession brought about by the Covid-19 pandemic. The consumer confidence index reached 115.1 from 110.6 in May, national statistics agency Istat said, calling it the highest reading since October 2018. Meanwhile, the business confidence index hit 112.8, versus 107.3 in May, "consolidating the positive trend" observed since December, Istat said. With June's reading, consumer confidence returned to pre-pandemic levels, while business confidence had done so already in May. Italy was the first European country to be hit by the coronavirus pandemic in early 2020, and that year its economy shrank by a staggering 8.9 percent. But for 2021, given progress with vaccinations and the ensuing rollback of coronavirus restrictions, Italy's central bank expects a rebound of nearly 5 percent. The country is also due to receive the largest allocation in the European Union's 750-billion-euro ($900 billion) recovery plan, agreed last year. On Tuesday, the European Commission approved Italy's plan to spend 191.5 billion euros in EU grants and loans between now and 2026. aa/ams/rl
schema:headline	Italy's consumer confidence up to near three-year high
schema:mentions	Italian National Institute of Statistics Eurozone European Commission Recession Italy European Union Pandemic United States Coronavirus disease 2019 Consumer confidence
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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