Italy: Consumer confidence reaches highest level in over four years
April 28, 2014
The National Institute of Statistics (Istat) consumer confidence index rose from 101.9 points in March to 105.4 points in April, which marked the highest level since January 2010. The figure slightly overshot the 101.2 points the market had expected.
The reading mainly resulted from an improvement in households' opinions regarding the country's general economic situation. In addition, an improvement over the previous month was recorded in households' views of their personal economic situations as well as their willingness to make major purchases.
Panelists see private consumption increasing just 0.1% this year, which is unchanged from last month's forecast. Next year, the panel sees private consumption expanding 0.5%.
Author: Dirina Mançellari, Senior Economist