Italy Business Confidence

Italy

Italy: Business confidence hits highest level in 18 months

September 27, 2013

In September, the National Institute for Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) - which covers the manufacturing, construction, service and retail sectors - rose to 83.3 points, up from the 82.0 points recorded in August. The print marks the highest reading since March of last year.

The improvement was broad-based with all categories increasing over the previous month. In particular, the manufacturing and retail sectors recorded their strongest results in more than two years.

Panelists expect fixed investment to contract 3.6% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, panelists see fixed investment growing 0.7%.


Author:, Head of Data Solutions

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Italy Business Confidence Chart


Italy Business Confidence September 2013

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


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