Italy Business Confidence


Italy: Business confidence moderates in August

August 28, 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, inched down from a revised 104.3 in July (previously reported: 104.7) to 103.7 in August. The reading marked a three-month low.

Two out of four categories decreased compared to the previous month. The manufacturing index, in particular, marked the sharpest fall, dropping from 103.5 in July to 102.5 in August and reaching its lowest level in six months. However, the construction index rose from 117.6 in July to 119.5 in August.

Panelists expect fixed investment to increase 0.1% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see fixed investment growing 2.0%.

Author:, Economist

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Italy Business Confidence Chart

Italy Business Confidence August 2015

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

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