Italy Business Confidence

Italy

Italy: Business confidence improves in June

June 27, 2014

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 86.9 points in May to 88.4 points in June.

June’s increase was broad based. The retail sector rose from 99.0 points in May to 101.4 points in June, thus reaching the highest level since April 2011. In addition, manufacturing reached a 36-month high (June: 100.0 points; May: 99.8 points). Both the construction and services sectors recorded an improvement over the previous month.

Panelists expect fixed investment to contract 1.0% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists see fixed investment growing 2.1%.


Author:, Senior Economist

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Italy Business Confidence Chart


Italy Business Confidence June 2014

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


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