Italy Consumer Confidence

Italy

Italy: Consumer confidence surprisingly rises in November

November 24, 2011

The index of consumer sentiment published by ISTAT rose from 93.3 points in October (previously reported: 94.2 points) to 96.5 points in November, recovering from what was a more than three-year low. The result marked the first pick-up in the index in the last six months and surprised market analysts, who had expected sentiment to drop to 92.4 points. The November print reflected strong improvements on households' expectations regarding the general economy, which rose by 24 points. In addition, respondents to the survey have more optimistic expectations regarding their personal financial situation (+1.0 points), leading to better prospects for purchases of durable goods compared to the previous month (+7.0 points).


Author:, Head of Data Solutions

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