In May, the index of consumer sentiment published by ISTAT plunged to 86.5 points from 88.8 points in April (previously reported: 89.0 points), marking its lowest level since the series started in January 1996. The result contrasted market expectations, which had anticipated the index to inch up to 90.0 points. The result was broad-based, with a majority of subcomponents of the index deteriorating compared to the previous month. In particular, households' assessment of the general economic situation deteriorated markedly, as the recessive effects of the austerity measures implemented by the Monti administration are hindering growth. That said, while the assessment on the current personal financial situation deteriorated compared to April, respondents expressed slightly less pessimistic expectations regarding their future financial situation, leading to an improvement in prospects for purchases of durable goods.
Italy Consumer Confidence
Consumer confidence plunges to lowest level on record
May 23, 2012
Looking for forecasts related to Consumer 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.