Italy's manufacturing confidence index declined to 90.2 in November of 2020 from 94.7 in the previous month, below market expectations of 93.5. It was the lowest level of business morale since August, as both the balance on the current trend of order books (-28.8 vs -26.7 in September) and the one on the future developments in production (-10.7 vs -0.6) reduced stocks were considered to have increase (3.1 vs 2.6). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, fell to 82.8 in October from 92.2 in September. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy averaged 101.87 points from 1991 until 2020, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.60 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. Italy Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Business Confidence in Italy is expected to be 82.00 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 86.00 in 12 months time. In the long-term, the Italy Business Confidence is projected to trend around 89.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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Italy Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
90.20 94.70 121.52 71.60 1991 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 08:00 AM Aug 86.1 85.3 88.9 88
2020-09-25 08:00 AM Sep 92.1 87.1 87.5 87.5
2020-10-29 09:00 AM Oct 95.6 92.6 91.7 89.1
2020-11-27 09:00 AM Nov 90.2 94.7 93.5 93.6
2020-12-23 09:00 AM Dec 90.2 82
2021-01-29 09:00 AM Jan
2021-02-26 09:00 AM Feb
2021-03-26 09:00 AM Mar


News Stream
Italy Business Morale Falls More than Expected
Italy's manufacturing confidence index declined to 90.2 in November of 2020 from 94.7 in the previous month, below market expectations of 93.5. It was the lowest level of business morale since August, as both the balance on the current trend of order books (-28.8 vs -26.7 in September) and the one on the future developments in production (-10.7 vs -0.6) reduced stocks were considered to have increase (3.1 vs 2.6). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, fell to 82.8 in October from 92.2 in September.
2020-11-27
Italy Business Morale Tops Estimates
Italy's manufacturing confidence index climbed to 95.6 in October of 2020 from an upwardly revised 92.6 in the previous month, easily beating market expectations of 91.7. It was the highest level of business morale in seven months but remained below February’s pre-pandemic level and its long-term average. The current trend of order books improved (-26 vs -33.7 in September) and stocks were considered to have diminished (2.6 vs 4). On the other hand, expectations about future developments in production deteriorated (1.4 vs 1.8). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 92.9 in October from 91.3, as a raft of incentives in recent months aimed at propping up the economy are expected to be particularly supportive of the building sector.
2020-10-29
Italy Business Morale Close to Pre-Pandemic Levels
Italy's manufacturing confidence index increased to 92.1 in September of 2020 from an upwardly revised 87.1 in the previous month and above market expectations of 87.5. It was the highest reading since the start of the country's coronavirus outbreak in February, backed by more optimism both about the current trend of order books (-34.9 vs -40.9 in August) and about future developments in production (-1.6 vs -3). Furthermore, stocks were considered to have diminished (4.1 vs 7.7).
2020-09-25
Italy Business Morale Rises Less than Expected in August
Italy's manufacturing confidence index increased to 86.1 in August 2020 from 85.3 in the previous month, but below market expectations of 88.9, amid the coronavirus crisis. Both the assessments on order books (-42.4 from -47.8 in July) and the balance of assessments on inventories (7.9 from 5.9) improved. Meanwhile, expectations on production declined -4.0 from -3.2 in July.
2020-08-28

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.