Italy: Consumer confidence jumps unexpectedly in April
April 23, 2013
In April, the index of consumer sentiment published by ISTAT rose to 86.3 points from the 85.2 points recorded in March. The reading contrasted market expectations that had the index easing to 85.0 points.
The improvement was broad-based. Households were less pessimistic regarding their current situation; the outlook of the general economy and their current and prospective financial situation. In addition, prospects for purchases of durable goods improved strongly compared to March.
Panellists see private consumption falling 1.8% this year, which is down 0.1 percentage points from last month's forecast. Next year, the panel sees private consumption expanding 0.1%.
Author: Armando Ciccarelli, Head of Data Solutions