Italy Business Confidence June 2016


Italy: Business confidence hits three-month low in June

June 28, 2016

The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, fell from a revised 103.0 in May (previously reported: 103.4) to 101.2 in June, marking the lowest reading in three months.

Two of the four categories of the indicator decreased compared to the previous month. The services sector recorded a three-month low, while the retail sector tallied its lowest reading since January 2015.

Panelists expect fixed investment to increase 2.2% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, panelists see fixed investment growing 2.2%.

Author: Massimo Bassetti, Economist

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Italy Business Confidence Chart

Italy Business Confidence June 2016 1

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

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