Italy Consumer Confidence April 2017

Italy

Italy: Consumer confidence virtually unchanged in April

April 27, 2017

The National Institute of Statistics’ (Istat) consumer confidence index dipped from March’s 107.6 points to 107.5 points in April, thus remaining well above the 100-point threshold that separates optimistic from pessimistic sentiment.

April’s reading reflected deteriorations in households’ assessments of the current general economic situation and the future general economic situation—with unemployment expectations worsening substantially—likely due to the uncertain political framework and the perceived absence of a clear economic reform plan. Conversely, households grew more optimistic regarding their current and future personal economic situation and became more willing to purchase durable goods.

Panelists expect private consumption to expand 0.8% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see private consumption growing 0.9%.


Author: Massimo Bassetti, Economist

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Italy Consumer Confidence Chart


Italy Consumer Confidence April 2017

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


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