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.