Italy: Consumer confidence in October reaches highest value since February 2002
October 28, 2015
The National Institute of Statistics’ (Istat) consumer confidence index rose from 113.0 in September to 116.9 in October. The result significantly overshot market expectations that the index would record a decrease to 112.2 and marked the highest reading since February 2002.
October’s result reflected an increase in all the subcomponents that comprise the index. Consumers’ assessment regarding the general economic situation, in particular, rose to the highest level on record. Households were also more optimistic regarding their personal present and future economic situation.
Author: Eric Denis , Economist