Italy Consumer Confidence January 2021


Italy: Consumer confidence dips in January

January 28, 2021

The consumer confidence index dropped to 100.7 in January from 101.1 in December.

January’s weakening came on the back of deteriorations in the personal and the future climate subindexes. On the other hand, willingness to buy big-ticket items increased although it remained entrenched deep into pessimistic terrain, while the current climate subindex gained some ground. Meanwhile, the economic climate subindex remained virtually unchanged.

Panelists project private consumption to increase 6.0% in 2021, which is down 0.4 percentage points from last month’s forecast. For 2022, panelists see private consumption growing 2.7%.

Author: Massimo Bassetti, Senior Economist

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Italy Consumer Confidence Chart

Italy Consumer Confidence January 2021

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

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