In November, the index of consumer sentiment published by ISTAT dropped to 84.8 points from the 86.2 recorded in October, defying market expectations that had the index picking up to 86.5 and marking the lowest level since records began in 1996. Sentiment deteriorated as households turned more pessimistic regarding both their current and future financial situation compared to the previous month. In contrast, their assessment on the general economy improved, while prospects for the purchases of durable goods were stable compared to October.
Italy Consumer Confidence
Consumer confidence drops in November to lowest level on record
November 26, 2012
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Italy Consumer Confidence Chart
Note: Value of monthly consumer 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) 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.