Italy’s manufacturing confidence indicator remained unchanged at 91.9 in October 2026, falling short of market expectations of 92. Manufacturers reported improving assessments of order books and production expectations, although inventories of finished goods were seen as accumulating, suggesting demand may not be keeping pace with output. In contrast, overall business confidence strengthened, with the composite indicator rising to 96.6 from 95.9. The improvement was driven by market services, where confidence increased to 99.6 from 97.1, and construction, where the index edged up to 97.8 from 97.5. However, sentiment deteriorated in retail trade, with confidence falling to 100.7 from 104.3, indicating weaker conditions in the sector. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy remained unchanged at 91.90 points in October. Business Confidence in Italy averaged 90.85 points from 1991 until 2026, reaching an all time high of 107.34 points in February of 1995 and a record low of 63.40 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 November of 2026.

Business Confidence in Italy remained unchanged at 91.90 points in October. Business Confidence in Italy is expected to be 88.00 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 91.00 points in 2027 and 95.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 08:00 AM
Business Confidence
Sep 91.9 90.2 90.5 89.1
2026-10-29 11:00 AM
Business Confidence
Oct 91.9 91.9 92 91.5
2026-11-30 09:00 AM
Business Confidence
Nov 91.9


Related Last Previous Unit Reference
Business Confidence 91.90 91.90 points Oct 2026
Capacity Utilization 75.60 75.00 percent Sep 2026
Changes in Inventories 193.40 -751.40 EUR Million Jun 2026
Industrial Production YoY 0.00 -0.10 percent Aug 2026
Industrial Production MoM -1.30 0.60 percent Aug 2026
Manufacturing Production -1.87 -0.76 percent Aug 2026
Industrial Sales YoY -0.90 1.70 percent Aug 2026
Mining Production -4.73 -0.98 percent Aug 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
91.90 91.90 107.34 63.40 1991 - 2026 points Monthly
2021=100, SA

News Stream
Italy Business Confidence Unchanged in October
Italy’s manufacturing confidence indicator remained unchanged at 91.9 in October 2026, falling short of market expectations of 92. Manufacturers reported improving assessments of order books and production expectations, although inventories of finished goods were seen as accumulating, suggesting demand may not be keeping pace with output. In contrast, overall business confidence strengthened, with the composite indicator rising to 96.6 from 95.9. The improvement was driven by market services, where confidence increased to 99.6 from 97.1, and construction, where the index edged up to 97.8 from 97.5. However, sentiment deteriorated in retail trade, with confidence falling to 100.7 from 104.3, indicating weaker conditions in the sector.
2026-10-29
Italy Manufacturing Confidence Hits Highest Since 2023
Italy’s manufacturing confidence indicator rose to 91.9 in September 2026 from an upwardly revised 90.2 in August, surpassing market expectations of 90.5 and reaching its highest level since April 2023. The reading points to a continued improvement in manufacturing sentiment, supported by better assessments of current demand and production conditions. Manufacturers’ assessments of total orders improved (-13.5 vs -19.6), driven in part by a notable pickup in foreign orders (-19.1 vs -23.4). Views on current production levels also firmed (-13.7 vs -16.2). Looking ahead, employment prospects increased (3.3 vs 1.5), suggesting more positive hiring intentions among manufacturers. However, production expectations weakened (8.9 vs 9.6), while price expectations increased (17.1 vs 15.5), primarily due to the recent surge in oil prices amid ongoing tensions in the Middle East.
2026-09-30
Italy Manufacturing Sentiment Improves Further
Italy’s manufacturing confidence indicator rose to 89.9 in August 2026, the highest level since June 2023, from 89.7 in July and broadly in line with expectations. Despite the improvement in overall sentiment, firms reported a more negative assessment of total orders (-20.4 vs -17.1), driven by weaker expectations for foreign orders (-23.9 vs -22.1). Views on current production also deteriorated (-19.6 vs -17.8), while inventory accumulation increased further (3.8 vs 2.8). Looking ahead, production expectations improved to 9.6 from 4.5, although edged higher to 15.5 from 15.3. Expectations for future employment weakened, with the indicator falling to 1.5 from 4.4. Meanwhile, Italy’s overall business confidence indicator increased to 96.9 from 95.7, supported by improving sentiment across sectors, particularly construction.
2026-08-28