Skyline of Florence, Italy

Italy Consumer Confidence May 2019

Italy: Consumer confidence sinks as economy stagnates

The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 109.6 points in June from May’s revised 111.6 points (previously reported: 111.8 points), marking the weakest reading in close to two years.

June’s decline was broad-based: the economic, personal, current, and future components, all lost ground, although to varying extents. Consumers’ assessments of the current general economic situation and their expectations on the future general economic situation deteriorated notably, as the economy is stuck in stagnation and due to reigniting tensions between the government and EU institutions over fiscal policies. Accordingly, their outlook on unemployment rose much gloomier, and their assessments of current and future savings opportunities also receded. Moreover, households’ willingness to buy big-ticket items plunged. Additionally, some deteriorations were recorded in households’ assessments of their current financial and economic situation, which may be ascribed to stagnant wages and productivity.

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