Italy Economic Sentiment November 2020

Italy

Italy: Business confidence dives amid renewed containment measures in November

November 27, 2020

The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—plunged from 92.2 in October to 82.8 in November.

The decrease was driven by a broad-based deterioration, with sentiment falling in the manufacturing, construction, retail trade and market services sectors. Confidence in the market services sector fell the most.

FocusEconomics Consensus Forecast panelists see fixed investment increasing 8.1% in 2021, which is down 0.1 percentage points from last month’s estimate. For 2022, the panel expects fixed investment to expand 5.0%.


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