Italy Economic Sentiment January 2021


Italy: Business confidence inches up in Janaury

January 28, 2021

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—rose to 87.9 in January from 87.7 in December.

The increase was driven by an improvement in sentiment in the construction and market services sectors more than offsetting falling sentiment in the manufacturing and retail trade sectors.

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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