In September, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - dropped to 75.5 points from 79.0 points in August (previously reported: 78.5 points), marking the fifth drop in the last six months and driving sentiment to the lowest level in more than three years. The drop in the overall index was led by a strong deterioration in the services sector, the component with the strongest weight in the index. Sentiment in the remaining three categories, on the other hand, improved over the previous month.
Italy Business Confidence
Business confidence drops to lowest level in more than three years
September 27, 2012
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Italy Business Confidence Chart
Note: Value of monthly business confidence index.
Source: National Statistical Institute (Istat).
Italy Economic News
October 14, 2016
According to revised data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% from the previous month in September.
October 10, 2016
In August, industrial output increased 1.7% from the previous month, accelerating from July’s revised 0.7% increase (previously reported: +0.4% month-on-month).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.8 in August to 51.0 in September, taking it above the 50-threshold that separates expansion from contraction in the manufacturing sector. September’s result mainly reflected a return to growth in new orders, which, in the previous month, had dropped slightly for the first time in over one-and-a-half years.
September 30, 2016
According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% over the previous month in September, contrasting August’s 0.2% increase and marking the lowest result in seven months.
September 28, 2016
The National Institute of Statistics’ (Istat) consumer confidence index decreased from August’s revised 109.1 points (previously reported: 109.2) to 108.7 points in September, undershooting market expectations of a 109.1 reading and marking the worst result since July 2015. September’s reading reflected a deterioration in households’ assessments of their personal economic and general economic expectations for the future, with the latter hitting the worst result in two and a half years.