Skyline of Florence, Italy

Italy Consumer Confidence May 2020

Italy: Consumer confidence plunges to over six-year low in May

The consumer confidence index released by the National Institute of Statistics (ISTAT) fell to 94.3 in May from March’s 100.1 (the last preceding month for which data is available), marking the worst print since December 2013.

May’s decline came on the back of a broad-based deterioration in the economic, personal, current and future components. That said, the economic and current components were the ones that suffered the largest drops. Households’ assessments of the current general economic situation and their expectations on the future general economic situation nosedived in April, and their expectations on future unemployment worsened dramatically. Moreover, consumers’ assessments of their current financial situation deteriorated notably, and they were markedly less willing to purchase big-ticket durable goods.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest