Italy Consumer Confidence December 2018

Italy

Italy: Consumer confidence at over one-year low in December

December 21, 2018

The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 113.1 points in December from November’s revised 114.7 points (previously reported: 114.8 points), marking the worst result since August 2017.

Consumers’ expectations of the future general economic situation and their assessments on the current general economic situation deteriorated, likely due to concerns about the recent turbulence in the financial markets, the contraction of the economy in the third quarter and the negative effects of the 2019 budget. Meanwhile, their expectations on unemployment and their future personal economic situation as well as their outlook on future saving potential also deteriorated. Expectations on unemployment recorded a particularly sharp deterioration, probably due to the current and future anticipated effects of laws recently approved by the government to regulate the labor market more tightly. Additionally, consumers’ assessments of their current personal economic situation also declined, as did their willingness to buy big-ticket items.

Italy Private Consumption Forecast


FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.9% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see private consumption growing 0.8%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Italy? Download a sample report now.

Download

Italy Consumer Confidence Chart


Italy Consumer Confidence December 2018

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


Italy Economic News

  • Italy: Industrial production rebounds in January

    March 8, 2019

    Industrial output jumped 1.7% in January on a month-on-month, seasonally-adjusted basis, contrasting December’s revised 0.7% contraction (previously reported: -0.8% month-on-month).

    Read more

  • Italy: Second estimate confirms economic contraction in Q4 2018

    March 5, 2019

    The Italian economy contracted for the second consecutive quarter in Q4, weighed down by weak domestic demand and by a notable destocking.

    Read more

  • Italy: Manufacturing sector remains in poor shape in February

    March 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.7 in February from January’s 47.8, marking the worst reading in close to six years.

    Read more

  • Italy: Inflation ticks up in February on higher food prices

    February 28, 2019

    According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase.

    Read more

  • Italy: Business confidence at four-year low in February

    February 27, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—fell to 98.3 points in February from January’s revised 99.1 points (previously reported: 99.2 points), marking the worst reading since February 2015. February’s reading was the result of deteriorating sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

More news

Search form