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.