Italy Business Confidence July 2021

Italy

Italy: Business confidence hits new all-time high in July

July 28, 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—rose to 116.3 in July from June's 112.8, marking the strongest sentiment on record.

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

FocusEconomics Consensus Forecast panelists see fixed investment increasing 12.4% in 2021, which is up 2.0 percentage points from last month’s estimate. For 2022, the panel expects fixed investment to expand 5.4%.


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Italy Business Confidence July 2021

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


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