Italy's consumer confidence index fell to a six-month low of 114.8 in November 2018 from a downwardly revised 116.5 in the previous month and well below market expectations of 115.9. There was a deterioration in households' sentiment regarding the economic climate (131.7 vs 137.2 in October), current conditions (111.5 vs 112.5) and future situation (118.9 vs 121.4). On the other hand, the gauge measuring personal climate edged up to 108.9 in November from 108.7 in the previous month. In addition, concerns over unemployment grew in November, while perceptions on inflation for the last 12 months and expectations on inflation for the next 12 months declined. Consumer Confidence in Italy averaged 104.22 Index Points from 1982 until 2018, reaching an all time high of 121.23 Index Points in November of 1988 and a record low of 82.40 Index Points in January of 2013.
Consumer Confidence in Italy is expected to be 114.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Italy to stand at 113.20 in 12 months time. In the long-term, the Italy Consumer Confidence is projected to trend around 111.00 Index Points in 2020, according to our econometric models.