Italy Business Confidence

Italy

Italy: Confidence among businesses deteriorates in November

November 27, 2014

The National Institute of Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, fell from 89.1 points in October to 87.7 points in November.

November’s drop came as a result of a deterioration in the construction and services sectors, which reached the lowest level since May and September, respectively. On the other hand, the retail and manufacturing sectors recorded improvements over the previous month.

Panelists expect fixed investment to contract 1.8% in 2014, which is down 0.4 percentage points from last month’s forecast. For 2015, panelists see fixed investment growing 0.7%, which is down 0.6 percentage points from last month’s Consensus.


Author:, Senior Economist

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Italy Business Confidence Chart


Italy Business Confidence November 2014

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


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