Italy Consumer Confidence April 2019

Italy

Italy: Consumer confidence continues to sink in April

April 23, 2019

The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 110.5 points in April from March’s 111.2 points, marking the worst result since July 2017.

April’s deterioration was broad-based: the economic, personal, current, and future components, all lost ground. Consumers’ expectations of the future general economic situation worsened notably, most likely due to the poor state of the economy and the government’s erratic economic and fiscal policy. Additionally, consumers’ willingness to buy big-ticket items and their assessments of current and future savings opportunities also plunged. Moreover, consumers’ assessments of their future economic situation worsened, as did their outlook on unemployment. On the other hand, some gains were recorded in households’ assessments of their current financial situation.

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

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Italy Consumer Confidence Chart


Italy Consumer Confidence April 2019

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


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