Italy Consumer Confidence

Italy

Italy: Consumer confidence increases in August

August 28, 2015

The National Institute of Statistics’ (Istat) consumer confidence index rose from 106.7 in July to 109.0 in August. The result overshot market expectations that the index would record a softer increase to 107.0.

August’s result reflected an increase in all the subcomponents that comprise the index. Consumers’ assessment regarding their personal economic situation, in particular, rose to the highest level since July 2011. Households were also significantly more optimistic regarding the country’s present and future economic situation.

Panelists expect private consumption to expand 0.6% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see private consumption growing 0.8%.


Author:, Economist

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Italy Consumer Confidence Chart


Italy Consumer Confidence August 2015

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


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