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. source: National Institute of Statistics (ISTAT)
Business Confidence in Italy averaged 101.96 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 July 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.