Italy Consumer Confidence September 2017

Italy

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.

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: Massimo Bassetti, Economist

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Italy Consumer Confidence September 2017

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


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