Italy Business Confidence

Italy

Italy: Business confidence drops to lowest level in almost three years

May 28, 2012

In May, the ISTAT manufacturing sentiment index dropped to 86.2 points, from the revised 89.1 points recorded in April (previously reported: 89.5 points). The deterioration exceeded market expectations, which saw sentiment dropping to 88.6 points. With the May drop, business confidence fell to its lowest level since August 2009. According to ISTAT, the decline was broad-based, and particularly reflected a more pessimistic outlook on expected orders and production.


Author:, Head of Data Solutions

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Italy Business Confidence Chart


Italy Business Confidence April 2012

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


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