Italy Consumer Confidence June 2016

Italy

Italy: Consumer confidence decreases in June

June 28, 2016

The National Institute of Statistics’ (Istat) consumer confidence index declined from a revised 112.5 in May (previously reported: 114.1) to 110.2 in June. The result was below market expectations of a 112.5 reading and marked a ten-month low.

May’s result reflected a deterioration in households’ assessment of both their current personal economic situations and the country’s economic situation. It also reflected a deterioration in households’ expectations regarding their future personal situation and the future of the economy.

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 1.1%.


Author: Massimo Bassetti, Economist

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Italy Consumer Confidence June 2016 0

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


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