The index of consumer sentiment from the Institute for Studies and Economic Analyses (ISAE, Istituto di Studi e Analisi Economica) jumped from 107.2 points in September to 107.7 points in October, a result that surprised market analysts, which had seen confidence dropping to 106.5 points. The monthly figure marked the strongest confidence result since the beginning of the year, but nonetheless confirmed that confidence remains below its long-term average value of 113. The consumer sentiment gauge rose, as households maintained a more upbeat assessment of the country's economic situation. In particular, the general index relative to the opinion on the country's situation inched up compared to the previous month, while short-term expectations and expectations relative to the developments in the labour market were unchanged compared to the previous month. On the other hand, respondents to the survey expressed a less upbeat assessment of their personal finances, as more households expected their personal financial situation to deteriorate in the months to come, leading to deteriorating prospects on purchases of durable goods.
Italy Consumer Confidence
Consumer confidence surprises to the upside
October 26, 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) consumer confidence index decreased from August’s revised 109.1 points (previously reported: 109.2) to 108.7 points in September, undershooting market expectations of a 109.1 reading and marking the worst result since July 2015. September’s reading reflected a deterioration in households’ assessments of their personal economic and general economic expectations for the future, with the latter hitting the worst result in two and a half years.