Italy Consumer Confidence

Italy

Italy: February consumer confidence hits high not seen since 2002

February 26, 2015

The National Institute of Statistics’ (Istat) consumer confidence index jumped from 104.4 points in January to 110.9 points in February, marking the highest reading since June 2002. The result significantly overshot market expectations of the index remaining unchanged at January’s 104.4 points.

February’s strong increase reflected an improvement in almost all of the subcomponents that comprise the index. Consumers’ expectations regarding the country’s general economic situation improved notably, reaching a multi-year high. In addition, households were more upbeat regarding both their current and prospective personal economic situations. Consumers’ willingness to buy durable goods was the only category in which consumer sentiment fell compared to the previous month.

Panelists expect private consumption to expand 0.7% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists see private consumption growing 0.8%.


Author:, Economist

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Italy Consumer Confidence February 2015

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


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