Italy: Consumer confidence falls to an almost two and a half year low in May
May 26, 2017
The National Institute of Statistics’ (Istat) consumer confidence index dropped from April’s revised 107.4 points (previously reported: 107.5 points) to 105.4 points in May, marking the worst result since January 2015.
May’s reading reflected an almost broad-based deterioration in households’ assessments, with only their assessment on the current general economic situation remaining unchanged. Households’ assessments of the future general economic situation worsened—with unemployment expectations worsening substantially for the second consecutive month—likely due to uncertain political perspectives and the ongoing absence of a clear economic reform plan. Moreover, households grew far less optimistic regarding their current and future personal economic situation and became less willing to purchase durable goods.