Italy Consumer Confidence September 2016

Italy

Italy: Consumer confidence continues to weaken in September

September 28, 2016

The National Institute of Statistics’ (Istat) consumer confidence index decreased from August’s revised 109.1 points (previously reported: 109.2) to 108.7 points in September, undershooting market expectations of a 109.1 reading and marking the worst result since July 2015.

September’s reading reflected a deterioration in households’ assessments of their personal economic and general economic expectations for the future, with the latter hitting the worst result in two and a half years. Their willingness to buy also deteriorated, recording an over-one-year low. On the other hand, households’ assessment of both the current general economic situation and their current personal economic situation improved.

Panelists expect private consumption to expand 1.2% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see private consumption growing 0.8%.


Author: Massimo Bassetti, Economist

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Italy Consumer Confidence Chart


Italy Consumer Confidence September 2016

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


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