Italy Economic Sentiment February 2021


Italy: Business confidence strengthens in February

February 25, 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 93.2 in February from 88.3 in January.

The increase was driven by a broad-based improvement in sentiment in all sectors: construction, market services, manufacturing and retail trade.

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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