Italy Business Confidence May 2018


Italy: Business confidence continues to drop in May

May 29, 2018

The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, services and retail sectors—declined to 104.7 points in May, below April’s revised 105.0 points (previously reported: 105.1).

The further weakening came mainly on the back of a slight deterioration in sentiment in the construction and market services sectors. In the construction sector employment expectations worsened notably, while in the market services sector both assessments and expectations on order books declined. On the other hand, confidence in the retail trade sector improved somewhat on better expectations on future sales. Meanwhile, sentiment in the manufacturing sector remained virtually unchanged.

Italy Fixed Investment Forecast

FocusEconomics panelists expect fixed investment to increase 2.5% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see fixed investment growing 2.2%.

Author: Massimo Bassetti, Senior Economist

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Italy Business Confidence Chart

Italy Business Confidence May 2018

Note: Value of monthly business confidence index.
Source: National Statistical Institute (Istat)

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