The Italian statistical office Istat released its consumer confidence index for Italy on Thursday. The Italian consumer confidence index slid to 114.5 in February from 118.6 in January. January's figure was revised down from 118.9.

The decrease was driven by drops in all components: economic, personal, current and future.

The business confidence index fell to 102.0 in February from 103.0 in January. January's figure was revised down from 103.2.

The decline was driven by less favourable assessments on order books and production expectations, and by a drop in inventories.