Italy Business Confidence February 2017

Italy

Italy: Business confidence hits over-one-year high in February

February 24, 2017

The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, rose from 103.3 in January to a 14-month high of 104.0 in February.

Three out of the four categories of the indicator improved compared to January: manufacturing, services and retail rose, with manufacturing obtaining the best result since February 2008. Conversely, confidence in the construction sector remained unchanged relative to January.

Panelists expect fixed investment to increase 1.4% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see fixed investment growing 1.9%.


Author: Massimo Bassetti, Economist

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Italy Business Confidence Chart


Italy Business Confidence February 2017

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


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