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.