The index of consumer sentiment published by ISTAT plunged from 103.7 points in July to 100.3 points in August, which marks the lowest confidence level since March 2009. The result marked a third consecutive drop in the index and was sharper than expected by market analysts, which had consumer confidence moderating to 101.9 points. With the August 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 August result implied that expectations regarding the general economic situation had deteriorated markedly (-19.0 points), as the debt crisis looms over the country's growth prospects. That said, the personal financial situation improved marginally (+1.0 points), despite the austerity measures recently announced by the government. However, households remain cautious regarding their personal finances as prospects for purchases of durable goods dropped markedly compared to the previous month (-29.0 points).
Italy Consumer Confidence
Consumer confidence plunges to lowest level in more than two years
August 29, 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.