Italy's manufacturing confidence index rose to 85.2 in July 2020 from an upwardly revised 80.2 in the previous month but slightly below market consensus of 85.5, amid the coronavirus pandemic. Both the assessments on order books (-47.8 from -55.6 in June) and the expectations on production (-3.2 from -7.5) improved. On the other hand, the balance of assessments on inventories dropped to 5.9 from 8.2 in June.
Business Confidence in Italy averaged 101.98 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 August of 2020. source: National Institute of Statistics (ISTAT)
Business Confidence in Italy is expected to be 76.00 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 84.00 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.