Italy's manufacturing confidence index advanced to 99 in February of 2021 from an upwardly revised 95.6 in the previous month and above market expectations of 96. It was the highest level of business morale since November 2019, before the start of Italy's COVID-19 outbreak, as a long-running political crisis ended with the arrival of Mario Draghi's new government. Both the balance on the current trend of order books (-19.3 vs -22.9 in January) and the one on the future developments in production (3.3 vs -1.1) improved and stocks were considered to have diminished (1.6 vs 3.2). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, climbed to a one-year high of 93.2 in February from 88.3 in January. source: National Institute of Statistics (ISTAT)
Business Confidence in Italy averaged 101.83 points from 1991 until 2021, 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 March of 2021.
Business Confidence in Italy is expected to be 85.00 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 89.00 in 12 months time. In the long-term, the Italy Business Confidence is projected to trend around 95.00 points in 2022, according to our econometric models.