Consumer confidence continued to fall in Italy in August, national statistical agency Istat reported Wednesday. The latest findings marked the third consecutive decline, to a measure of 101.9 from the previous 104.4 and is at the lowest point since March, the agency said. Italy has been hit by its third recession in about five years and is struggling with high unemployment, especially among youth where almost half of people aged 15 to 24 cannot find work.
Employment and job prospects are crucial to supporting consumer confidence.
In its latest report, Istat showed the steady downward trend in confidence measures.
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