Italy: Consumers more optimistic in January
January 28, 2014
In January, the National Institute of Statistics (Istat) consumer sentiment index rose to 98.0 points, which was up from 96.4 points recorded in December. The reading overshot the 96.7 points market analysts had expected.
Consumers' views of their current and future personal financial situations were more positive, while their opinions regarding the current and future situation of the general economy were more negative. Additionally, consumers' prospects for buying durable goods improved compared to the previous month.
Panelists see private consumption falling 0.1% this year, which is unchanged from last month's forecast. Next year, the panel sees private consumption expanding 0.5%.
Author: Armando Ciccarelli, Head of Data Solutions