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.