Italy Consumer Confidence January 2020

Italy

Italy: Consumers grow somewhat more confident at the beginning of the year

January 29, 2020

The consumer confidence index released by the National Institute of Statistics (ISTAT) rose to 111.8 in January from December’s 110.8.

January’s increase came on the back of a broad-based improvement in the economic, personal, current and future components. Households’ expectations on the future general economic situation were less downbeat. Consequently, expectations on future unemployment moderated and future saving opportunities got less gloomy. Moreover, consumers’ assessments of their current financial situation improved somewhat, and their expectations on their future economic situation also improved. On the other hand, consumer’s assessments of the current general economic situation deteriorated, as did their assessments of their personal economic situation.

Panelists expect private consumption to expand 0.5% in 2020, which is unchanged from last month’s forecast. For 2021, panelists see private consumption growing 0.6%.


Author: Massimo Bassetti, Economist

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Italy Consumer Confidence January 20 20

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


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