Italy Consumer Confidence August 2017

Italy

Italy: Consumer confidence hits highest level since December 2016

August 28, 2017

The National Institute of Statistics’ (Istat) consumer confidence index stormed to 110.8 points in August, up from July’s 106.9 points and comfortably beating market expectations of 106.9 points.

August’s reading reflected a broad-based improvement in all of the index’s sub-categories. Consumers’ assessments of their future general economic situation improved, as did their unemployment expectations and expectations about current personal economic situations. Notably, their expectations about future personal economic situations recorded the strongest improvement in August, rising to 114 points from 108.4 points in July.

Year-on-year quarterly economic growth has accelerated in Italy since the second quarter of 2016 and this likely contributed to consumers’ high confidence in August.

Panelists expect private consumption to expand 1.1% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see private consumption growing 1%.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Italy? Download a sample report now.

Download

Italy Consumer Confidence Chart


Italy Consumer Confidence August 2017

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


Italy Economic News

  • Italy: Manufacturing sector contracts at the sharpest pace in almost four years in November

    December 3, 2018

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to a near four-year low of 48.6 in November from October’s 49.2.

    Read more

  • Italy: Inflation ticks up in November on higher food prices

    November 30, 2018

    According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading.

    Read more

  • Italy: Revised estimate shows economy contracted in Q3

    November 30, 2018

    The Italian economy contracted for the first time in nearly four years in the third quarter, weighed down by its shrinking domestic sector.

    Read more

  • Italy: Business confidence declines for the fifth consecutive month in November

    November 27, 2018

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 101.1 points in November from October’s revised 102.5 points (previously reported: 102.6 points), marking the worst reading since December 2016. November’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

  • Italy: Consumer confidence drops in November

    November 27, 2018

    The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 114.8 points in November from October’s revised 116.5 points (previously reported: 116.6 points). Consumers’ expectations of the future general economic situation and their assessments of the current general economic situation deteriorated, driving the downturn, likely due to growing concerns about the recent turbulence in the financial markets and the stagnation of the economy in the third quarter.

    Read more

More news

Search form