Italy's manufacturing confidence index rose to 99.9 in January 2020 from an upwardly revised 99.3 in December and beating market expectations of 99.3. It was the highest reading since July, driven by more upbeat views on output (5.7 vs 4.6 in December), prices (1.0 vs 0.4) and the country's economic situation (-12.6 vs -13.2), although expectations deteriorated somewhat for new orders (6.6 vs 7.0). Meantime, manufacturers' current assessment improved regarding the level of new orders (-15.7 vs -16.9), output (5.7 vs 4.6) and inventories (4.9 vs 4.5). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, edged down to 99.2 from 100.7 in December.

Business Confidence in Italy averaged 102.23 points from 1991 until 2020, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.50 points in March of 2009. This page provides the latest reported value for - Italy Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Italy to stand at 102.00 in 12 months time. In the long-term, the Italy Business Confidence is projected to trend around 104.00 points in 2021, according to our econometric models.


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Italy Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
99.90 99.30 121.52 71.50 1991 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 09:00 AM Oct 99.6 99.0 98.5 98.3
2019-11-27 09:00 AM Nov 98.9 99.5 99.8 99.9
2019-12-20 09:00 AM Dec 99.1 99 99.1 99.5
2020-01-29 09:00 AM Jan 99.9 99.3 99.3 99.5
2020-02-27 09:00 AM Feb 99.9 99.5 98.9
2020-03-27 09:00 AM Mar 102
2020-04-24 08:00 AM Apr
2020-05-28 08:00 AM May


News Stream
Italy Business Morale at 6-Month High in January
Italy's manufacturing confidence index rose to 99.9 in January 2020 from an upwardly revised 99.3 in December and beating market expectations of 99.3. It was the highest reading since July, driven by more upbeat views on output (5.7 vs 4.6 in December), prices (1.0 vs 0.4) and the country's economic situation (-12.6 vs -13.2), although expectations deteriorated somewhat for new orders (6.6 vs 7.0). Meantime, manufacturers' current assessment improved regarding the level of new orders (-15.7 vs -16.9), output (5.7 vs 4.6) and inventories (4.9 vs 4.5). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, edged down to 99.2 from 100.7 in December.
2020-01-29
Italy Business Sentiment Rises Marginally
Italy's manufacturing confidence index went up to 99.1 in December 2019 from an upwardly revised 99.0 in November and matching market expectations, amid improvements in expectations regarding the country's economic situation (-13.2 vs -15.4) and employment (-1.5 vs -1.7). On the other hand, expected orders remained unchanged (at 7.0) while prospects for production (4.3 vs 5.0) and prices (0.4 vs 0.5) were slightly less favourable. The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 100.7 from 99.2 in November.
2019-12-20
Italy Industry Morale Weaker than Expected
Italy’s manufacturing confidence index decreased to 98.9 in November 2019 from a downwardly revised 99.5 in the previous month and below market expectations of 99.8. Expectations deteriorated for production (5.1 vs 5.4 in October); country’s economic situation (-15.4 vs -8.2) and employment (-1.7 vs 0.9). On the other hand, expected orders level increased (7.0 vs 6.6). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 99.1 from 98.9 in October.
2019-11-27
Italy Industry Morale Stronger than Expected
Italy’s manufacturing confidence index increased to 99.6 in October 2019 from an upwardly revised 99.0 in the previous month and above market expectations of 98.5. There was an improvement in orders level (-16.2 vs -17.4 in September) and output outlook (5.3 vs 4.0). Stocks of inventories were also up (5.0 vs 4.1). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 99.0 from 98.6 in September.
2019-10-30

Italy Business Confidence
In Italy, the Manufacturing Confidence Index covers 4,000 Italian companies. The questionnaire focuses on the current trend of order books, production and inventories, short-term forecasts on order books, production, prices and the general economic situation. The business confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in business sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.