Italy Consumer Confidence January 2018

Italy

Italy: Consumer confidence slips at the beginning of the year

February 1, 2018

The consumer confidence index released by the National Institute of Statistics (Istat) slipped to 115.5 points in January, down from a revised 116.5 points in December (previously reported: 116.6). The reading undershot market expectations of 116.3 points.

January’s reading reflected a deterioration in consumers’ assessments of their personal economic situation as well as in their expectations about the future economic situation. Moreover, consumers’ expectations on unemployment also deteriorated. On the other hand, consumers’ expectations on their personal future economic situation improved, as did their assessments on the current general economic situation and their outlook on the possibility to save.

The weakening of consumers’ assessments of the future economic situation of the country could be due to the likelihood of a political gridlock resulting from the general election to be held on 4 March.

Italy Private Consumption Forecast


FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.0% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see private consumption growing 0.9%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Italy? Download a sample report now.

Download

Italy Consumer Confidence Chart


Italy Consumer Confidence January 2018

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


Italy Economic News

  • Italy: Industrial production rebounds in January

    March 8, 2019

    Industrial output jumped 1.7% in January on a month-on-month, seasonally-adjusted basis, contrasting December’s revised 0.7% contraction (previously reported: -0.8% month-on-month).

    Read more

  • Italy: Second estimate confirms economic contraction in Q4 2018

    March 5, 2019

    The Italian economy contracted for the second consecutive quarter in Q4, weighed down by weak domestic demand and by a notable destocking.

    Read more

  • Italy: Manufacturing sector remains in poor shape in February

    March 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.7 in February from January’s 47.8, marking the worst reading in close to six years.

    Read more

  • Italy: Inflation ticks up in February on higher food prices

    February 28, 2019

    According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase.

    Read more

  • Italy: Business confidence at four-year low in February

    February 27, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—fell to 98.3 points in February from January’s revised 99.1 points (previously reported: 99.2 points), marking the worst reading since February 2015. February’s reading was the result of deteriorating sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

More news

Search form