In November, the manufacturing sentiment index published by the Institute for Studies and Economic Analyses (ISAE, Istituto di Studi e Analisi Economica) rose to 101.6 points. The figure was an improvement on the 100.1 points recorded in October (previously reported: 99.8 points) and confirmed the upward trend in business sentiment evident since March 2009. The result contrasted market expectations that business sentiment would decline to 99.6 points, and marked the strongest result since March 2008, thus confirming the notion that business confidence has returned to pre-crisis levels. According to ISAE, the improvement in business sentiment was led by more optimistic expectations relative to future production together with a stronger assessment of the current level of production. Moreover, while the current assessment of demand stabilized compared to the previous month, expectations of demand going forward improved. Finally, respondents to the survey maintain a negative opinion regarding developments of the general economy in the months to come. That said, businesses are less pessimistic about the economic outlook, with the sub-index improving from minus 14 points in October to minus 13 points in November.
Italy Business Confidence
Business confidence unexpectedly rises in November
November 25, 2010
Looking for forecasts related to Business 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.