Italy Consumer Confidence June 2020

Italy

Italy: Consumer confidence recovers some lost ground in June

June 26, 2020

The consumer confidence index released by the National Institute of Statistics (ISTAT) rose from an over six-year low of 94.3 in May to 100.6 in June.

June’s rise came on the back of a broad-based improvement in the economic, personal, current and future components. That said, the economic and future components were the ones that recorded the largest increases. Households’ expectations on the future general economic situation improved notably in June, and their expectations on future unemployment were also less downbeat. Moreover, consumers were more willing to purchase big-ticket durable goods. That said, their assessments of the current general economic situation worsened further.

Panelists project private consumption to fall 8.9% in 2020, which is down 4.7 percentage points from last month’s forecast. For 2021, panelists see private consumption growing 5.3%.


Author: Massimo Bassetti, Senior Economist

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Italy Consumer Confidence June 20 20

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


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