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Italy Consumer Confidence June 2023

Italy: Consumer confidence improves in June

Consumer confidence rose to 108.6 in June from May’s 105.1.

The decrease came on the back of an improvements in consumers’ views of the current and future climate as well as in the economic and personal climate.

Commenting on the release, Paolo Pizzoli, senior economist at ING, stated:

“All in all, today’s confidence data release suggests that conditions are still there for a positive second quarter. We’re hopeful for continued strength in consumption, which proved surprisingly strong in the first quarter. […] We aren’t expecting another repeat of the first quarter’s 0.6% growth, but should still see a positive reading for the second quarter.”

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