Italy Business Confidence

Italy

Italy: Business confidence reaches multi-year high in November

November 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 up from a revised 107.0 in October (previously reported: 106.1) to 107.1 in November. The reading marked a multi-year high.

Two of the four categories increased compared to the previous month. While construction and services improved, the latter reaching its highest value since June 2007, retail and manufacturing deteriorated.

Panelists expect fixed investment to increase 0.8% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists see fixed investment growing 2.1%, which is up 0.1 percentage points from last month’s forecast.


Author:, Economist

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Italy Business Confidence Chart


Italy Business Confidence November 2015

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


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