Italy Consumer Confidence October 2020

Italy

Italy: Consumer confidence worsens on renewed restrictions in November

November 27, 2020

The consumer confidence index slipped to 98.1 in November from 101.7 in October amid the reimposition of measures to contain the spread of Covid-19.

November’s weakening was broad based. Particularly sharp deteriorations were recorded for the economic and the future subindexes, while the personal and current subindexes lost less ground. Moreover, willingness to buy big-ticket items plunged.

Panelists project private consumption to increase 6.0% in 2021, which is down 0.4 percentage points from last month’s forecast. For 2022, panelists see private consumption growing 2.7%.


Author: Massimo Bassetti, Senior 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 November 20 20

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


Italy Economic News

More news

Search form