Italy Business Confidence


Italy: Business confidence rises in July

July 29, 2013

In July, Istat's composite business confidence indicator (IESE, Istat Economic Sentiment Indicator) - which covers the manufacturing, construction, service and retail sectors - rose to 79.6 points from the 76.4 points recorded in June.

The improvement was broad-based with all categories increasing over the previous month. The manufacturing and retail sectors reached their highest levels in over a year.

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


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Italy Business Confidence Chart

Italy Business Confidence July 2013

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

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