Italy Business Confidence

Italy

Italy: Business confidence reaches multi-year high in October

October 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, increased from a revised 106.1 in September (previously reported: 106.2) to 107.5 in October. The reading marked a multi-year high.

All four categories increased compared to the previous month, with the exception of construction. The retail index, in particular, marked the sharpest improvement, rising from 109.2 in September to 116.6 in October and reaching the highest value on record.

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 October 2015

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


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