The index of consumer sentiment published by ISTAT fell from 105.8 points in June to 103.7 points in July. The result marked a second consecutive drop in the index and was sharper than expected by market analysts, which had consumer confidence moderating to 104.5 points. With the July reading, consumer confidence moved further away from its long-term average of 113.0 points, which does not bode well for private consumption going forward. The July result implied a strong deterioration in expectations regarding the general economic situation (-13.0 points) and the personal financial situation (-4.0 points), as households are increasingly concerned about the effects of the recent budget cuts. Consequently, prospects for purchases of durable goods dropped markedly compared to the previous month (-5.0 points).
Italy Consumer Confidence
Consumer confidence drops in July
July 25, 2011
Looking for forecasts related to Consumer Confidence in Italy? Download a sample report now.
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) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, increased from a revised 99.5 in August (previously reported: 99.4) to 101.0 in September. All four categories of the indicator improved compared to August.