Italy Business Confidence June 2021

Italy

Italy: Business confidence hits all-time high in June

June 25, 2021

The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—came in at 112.8 in June, up notably from May's 107.3 and marking the best reading on record.

The rise came on the back of improved sentiment in the manufacturing and market services sectors. In addition, confidence in the retail trade sector strengthened from the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 10.7% in 2021, which is up 0.3 percentage pointsup 1.4 percentage points from last month’s estimate. For 2022, the panel expects fixed investment to expand 5.6%.


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Italy Business Confidence June 2021

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


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