The Italian statistical office Istat released its consumer confidence index for Italy on Monday. The Italian consumer confidence index increased to 115.0 in March from 114.5 in February.

The increase was driven by economic, current and future sub-indexes, while the personal sub-index declined.

The business confidence index rose to 102.2 in March from 102.0 in February.

The rise was driven by a more favourable assessments on order books and by a rise in inventories, while production expectations remained unchanged.