Italy: Consumer confidence hits highest level since January 2016
September 27, 2017
The National Institute of Statistics’ (Istat) consumer confidence index jumped to 115.5 points in September, up from August’s revised 111.2 points (previously reported: 110.8) and comfortably beating market expectations of 110.8 points.
September’s reading reflected a broad-based improvement in all of the index’s sub-categories. Consumers’ assessments of the current and future general economic situation improved strongly, as did their unemployment expectations. Their assessments of their personal economic situation also improved, but to a lesser extent.
Italy’s ongoing recovery and the latest news of a notable fall in the stock of bad debt owned by the Italian banking system in July likely contributed to consumers’ rising confidence in September.