Italy Business Confidence May 2022

Italy

Italy: Business confidence rises in May

May 26, 2022

Business confidence came in at 110.9 in May, up from April's 108.4, pointing to improving sentiment among businesses.

The uptick was due to increased optimism of firms in the services and retail sectors. In contrast, sentiment slipped in the construction and manufacturing sectors.

ING’s Paolo Pizzoli said:

“On the business front, confidence contracted further in the manufacturing and construction sectors but improved markedly in services. Here the discriminating factor seems to lie with the different exposure to the consequences of energy price increases and renewed supply chain disruptions materialising in China.”

FocusEconomics Consensus Forecast panelists see fixed investment increasing 5.2% in 2022, which is down 0.6 percentage points from last month’s estimate. For 2023, the panel expects fixed investment to increase 3.9%.


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Italy Business Confidence May 2022

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


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