In October, the manufacturing sentiment index published by the Institute for Studies and Economic Analyses (ISAE, Istituto di Studi e Analisi Economica) rose to 99.8 points. The figure came up from the revised 98.6 points recorded in August (previously reported: 98.4 points) and confirmed the upward trend in business sentiment in place since March 2009. The result contrasted market expectations, which had seen business sentiment inching down to 98.5, and marked the strongest result since May 2008, thus confirming the notion that business confidence is now back to pre-crisis levels. According to ISAE, the improvement in business sentiment was led by a more optimistic assessment of demand, in particular from the external sector. In addition, the evaluation of current production improved compared to the previous month. Meanwhile, businesses' expectations relative to future production continued to rise, as manufacturers expect orders to increase going forward. Finally, contrasting the positive outlook on production expectations, respondents to the survey maintain less optimistic opinions relative to the developments of the general economy in the months to come.
Italy Business Confidence
Business confidence unexpectedly rises in October
October 27, 2010
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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.