Italy Consumer Confidence February 2018

Italy

Italy: Consumer confidence virtually unchanged ahead of March elections

February 27, 2018

The consumer confidence index released by the National Institute of Statistics (Istat) ticked up to 115.6 points in February from 115.5 points in January. The reading beat less optimistic market expectations of 115.0.

February’s reading reflected an improvement in consumers’ assessments of their personal current and future expected economic situation as well as in their perceptions of the current general economic situation. Moreover, consumers' willingness to buy big-ticket items also increased. On the other hand, consumers’ expectations on the future general economic situation and on unemployment worsened.

The weakening of consumers’ assessments of the future economic situation of the country is probably due to households expecting a hung parliament as a result of the elections on 4 March.

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

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Italy Consumer Confidence February 2018 0

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


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