Italy Business Confidence


Italy: Business confidence picks up, reaches highest level since July 2012

November 28, 2013

In November, the National Institute for Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) - which covers the manufacturing, construction, service and retail sectors - rose to 83.2 points, up from the revised 79.9 points recorded in October (previously reported: 79.3 points). The print marks the highest reading since July 2012.

The improvement was driven by stronger readings in the manufacturing, services and retail sectors, whereas construction fared worse than in the previous month.

Panelists expect fixed investment to contract 3.6% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panelists see fixed investment growing 0.7%.

Author:, Head of Data Solutions

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Italy Business Confidence Chart

Italy Business Confidence November 2013

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

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