Italy Business Confidence

Italy

Italy: Business confidence jumps up in March

March 30, 2015

The National Institute of Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, shot up from 97.5 points in February to 103.0 points in March.

March’s increase resulted from an improvement in all of the sectors that comprise the index. Services posted the highest increase, jumping from 100.4 points in February to 108.1 in March. Construction posted the second largest improvement, increasing from 108.5 points in February to 116.0 points in March. Finally, manufacturing output rose from February’s 100.5 points to 103.7 points.

Panelists expect fixed investment to contract 1.8% in 2015, which is down 0.4 percentage points from last month’s forecast. For 2016, panelists see fixed investment growing 0.7%.


Author:, Economist

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Italy Business Confidence Chart


Italy Business Confidence March 2015

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


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