Italy’s consumer confidence index decreased to 112.4 in February of 2019 from a downwardly revised 113.9 in the previous month and below market expectations of 113. It is the lowest reading in consumer morale since August of 2017 amid rising tensions within the governing populist coalition and follows the economy dipped into recession in the second half of 2018. Household sentiment deteriorated for all main components: economic sentiment (126.6 from 130.5 in January); personal climate (108.2 from 108.9); current conditions (109.4 from 112.4) and future situation (116.9 from 117.4). Consumer Confidence in Italy averaged 104.28 Index Points from 1982 until 2019, 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 112.00 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 111.00 in 12 months time. In the long-term, the Italy Consumer Confidence is projected to trend around 115.00 Index Points in 2020, according to our econometric models.