Italy Business Confidence

Italy

Italy: Economic sentiment rebounds in May

May 29, 2013

In May, the composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) elaborated by Istat - which covers the manufacturing, construction, service and retail sectors - rose to 79.8 points from the 74.9 points seen in April, rebounding from a four-year low and reaching the highest level since the beginning of the year.

The improvement in the overall index was broad-based, as all sectors fared better than in the previous month, and was led in particular by stronger performances in the services and construction sectors.

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


Author:, Head of Data Solutions

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Italy Business Confidence Chart


Italy Business Confidence May 2013

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


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