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.

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Italy Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
85.20 80.20 121.52 71.60 1991 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-27 09:00 AM Mar 89.5 98.8 90 88
2020-05-28 08:00 AM May 71.2 87.2 79 78
2020-06-26 09:00 AM Jun 79.8 71.5 80 78.6
2020-07-24 08:00 AM Jul 85.2 80.2 85.5 83
2020-08-28 08:00 AM Aug 85.2
2020-09-25 08:00 AM Sep 76
2020-10-29 09:00 AM Oct
2020-11-27 09:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Italy Business Sentiment Continues to Recover
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.
2020-07-24
Italy Business Morale Recovers Less than Expected
Italy's manufacturing confidence index increased to 79.8 in June 2020 from an upwardly revised 71.5 in the previous month but slightly below market forecasts of 80, amid the coronavirus pandemic. Both the assessments on order books (-55.6 from -64 in May) and the expectations on production (-8.5 from -25.9) improved. Additionally, the balance of assessments on inventories went up to 8.2 from 6.2 in the prior month.
2020-06-26
Italy Business Morale Drops to Record Low
Italy's manufacturing confidence index plunged to 71.2 in May 2020 from a downwardly revised 87.2 in March and missing market forecasts of 79. It was the lowest reading on record, as sentiment was hit by the coronavirus crisis. The assessments on order books slumped to -63.9 from -23.9 and the expectations on production declined to -26.9 from -23.6. Lastly, the balance of assessments on inventories moved to 6.1 from 3.9. The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, dropped to 51.1 from 79.5 in March. The manufacturing confidence index was carried out again in May after an interruption in April due to the covid-19 emergency.
2020-05-28
Italy Business Confidence Slumps to 7-Year Low
Italy's manufacturing confidence index slumped to 89.5 in March 2020 from a downwardly revised 98.8 in February and slightly worse than market expectations of 90. It was the lowest reading since April 2013, as coronavirus outbreak has decimated activity. The assessments on order books fell to -23.9 from -15.6 and the expectations on production dropped to -17.1 from 0.7. Lastly, the balance of assessments on inventories slightly changed, moving to 3.7 from 3.4. The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, slid to 81.7 in March from 97.8.
2020-03-27

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.