Italy Consumer Confidence

Italy

Italy: Consumer confidence inches down in June

June 25, 2014

The National Institute of Statistics (Istat) consumer confidence index inched down from 106.2 points in May to 105.7 points in June. The figure came in below the 106.4 points the market had expected.

The reading reflected a deterioration in households’ views on their personal economic expectations as well as their willingness to make major purchases. Conversely, consumers’ expectations for the general economy improved over the previous month and their opinions regarding the county’s economic situation reached the highest level since November 2009.

Panelists see private consumption increasing just 0.1% this year, which is unchanged from last month’s forecast. Next year, the panel sees private consumption expanding 0.8%.


Author:, Senior Economist

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Italy Consumer Confidence Chart


Italy Consumer Confidence June 2014

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


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