Italy Business Confidence


Italy: Business confidence moderates in July

July 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 104.7 in June (previously reported: 104.3) to 104.3 in July.

Two out of four categories decreased compared to the previous month. The construction index, in particular, marked the sharpest fall, dropping from 119.7 in June to 117.6 in July. However, the services index inched up from 109.2 in June to 110.0 in July, thus reaching its highest value since June 2007.

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 July 2015

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

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