The index of consumer sentiment published by ISTAT plunged from 94.2 points in September (previously reported: 98.5 points) to 92.9 points in October, its lowest level since July 2008. The result marked a fifth consecutive drop in the index and contrasted market expectations of a 97.6 points reading. With the October dip, consumer confidence moved further below its long-term average of 113.0 points, which does not bode well for private consumption going forward. The October print reflected the country's deteriorating growth prospects, amid concerns of a looming debt crisis. Expectations on the general economy as well as the personal financial situation were both down by 4.0 points compared to the previous month. Against this backdrop, prospects for durable goods purchases deteriorated compared to the previous month (-1.0 points).
Italy Consumer Confidence
Consumer confidence deteriorates further
October 26, 2011
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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.