Italy: Consumers slightly more confident in November
November 26, 2013
In November, the National Institute of Statistics (Istat) consumer sentiment index rose to 98.3 points, up from the revised 97.3 points recorded in October. The reading overshot the 97.5 points market analysts had expected.
Consumers were more optimistic regarding the current situation of the Italian economy. In addition, their views of their current and future personal financial situations were more positive. Accordingly, prospects for buying durable goods improved compared to the previous month.
Panelists see private consumption falling 2.4% this year, which is unchanged from last month's forecast. Next year, the panel sees private consumption expanding 0.2%, which is also unchanged from last month's projection.
Author: Armando Ciccarelli, Head of Data Solutions