Italy Business Confidence

Italy

Italy: Business confidence hits highest level in over a year in August

August 29, 2013

In August, the National Institute for Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) - which covers the manufacturing, construction, service and retail sectors - rose to 82.2 points, up from the 79.8 points recorded in July. The print marks the highest reading in 13 months.

The improvement was broad-based with almost all categories increasing over the previous month. The manufacturing, services and retail sectors reached their highest levels in over a year. Construction was the only category that experienced a slight decline in confidence.

Panellists expect fixed investment to contract 3.6% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panellists see fixed investment growing 0.7%.


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Italy Business Confidence Chart


Italy Business Confidence August 2013

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


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