Italy Consumer Confidence August 2016

Italy

Italy: Consumer confidence weakens in August

August 29, 2016

The National Institute of Statistics’ (Istat) consumer confidence index decreased from July’s revised 111.2 (previously reported: 111.3) to 109.2 in August, undershooting market expectations of a 110.5 reading and marking the worst result since July 2015.

August’s reading reflected a deterioration in households’ assessments of their personal current and future economic situations. Moreover, households’ valuation of the current and future general economic situation also deteriorated, with the latter tallying a 20-month low.

Panelists expect private consumption to expand 1.2% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see private consumption growing 0.9%.


Author: Massimo Bassetti, Economist

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Italy Consumer Confidence August 2016 2

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


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