Manufacturing confidence in Italy fell to 113.4 in August of 2021 from a downwardly revised 115.2 in July, below forecasts of 115. It is the lowest reading in 3 months, amid a slight increase in coronavirus infections in the country. Expectations worsened for both order books (6.9 vs 8.2 in July) and future production (15.9 from 18.6). On the other hand, firms reported a recovery in inventories (-0.8 vs -1.9). Meanwhile, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, declined to 114.2 from a downwardly revised 115.9. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy averaged 101.99 points from 1991 until 2021, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.40 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 September of 2021.

Business Confidence in Italy is expected to be 115.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Business Confidence is projected to trend around 102.00 points in 2022 and 100.00 points in 2023, according to our econometric models.

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Italy Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
113.40 115.20 121.52 71.40 1991 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-27 08:00 AM May 110.2 106 106.4 106.1
2021-06-25 08:00 AM Jun 114.8 110.9 112 112
2021-07-28 08:00 AM Jul 115.7 114.8 115.4 115.1
2021-08-27 08:00 AM Aug 113.4 115.2 115 115.4
2021-09-24 08:00 AM Sep 113.4 112.6 112.9
2021-10-28 08:00 AM Oct
2021-11-26 09:00 AM Nov
2021-12-23 09:00 AM Dec


News Stream
Italy Business Confidence at 3-Month Low
Manufacturing confidence in Italy fell to 113.4 in August of 2021 from a downwardly revised 115.2 in July, below forecasts of 115. It is the lowest reading in 3 months, amid a slight increase in coronavirus infections in the country. Expectations worsened for both order books (6.9 vs 8.2 in July) and future production (15.9 from 18.6). On the other hand, firms reported a recovery in inventories (-0.8 vs -1.9). Meanwhile, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, declined to 114.2 from a downwardly revised 115.9.
2021-08-27
Italy Industry Morale Rises More than Expected
Italy's manufacturing confidence index rose to 115.7 in July of 2021 from 114.8 in the previous month, above market expectations of 115.4 and the highest since September 2000, as coronavirus restrictions continue to ease even though infections have picked up over recent weeks. The balance referring to the order book increased (8.9 from 6.5) and the one on inventories decreased (-2 from -1.2). On the other hand, the expectations on the future production went down (19.1 from 19.7). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, climbed to 116.3 in July from 112.8 in June, the highest level since the current data series was introduced in March 2005.
2021-07-28
Italy Business Morale Strongest Since 2000
Italy's manufacturing confidence index rose to 114.8 in June of 2021 from an upwardly revised 110.9 in the previous month, easily beating market expectations of 112. It was the strongest reading since November of 2000, helped by the further easing of lockdown restrictions. Both the assessments on order book current trend (6.6 vs -0.2 in May) and the expectations on future production developments (19.7 vs 14.8) improved. The level of inventories also rose slightly (-1.2 vs -1.8). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, came in at 112.8 in June, compared with May's reading of 107.3, also posting a multi-year high.
2021-06-25
Italy Industry Sentiment Rises to 3-1/2-Year High
Italy's manufacturing confidence index rose to 110.2 in May of 2021 from an upwardly revised 106 in the previous month, easily beating market expectations of 106.4. It was the strongest business morale since November 2017, as Covid-19 restrictions continued to be eased. Both the assessments on order book current trend (-0.8 vs -6) and the expectations on future production developments (13.1 vs 9.4) improved. Also, the de-stocking continued (-1.9 vs 1). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 106.7 in May from 97.9 in April.
2021-05-27

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.