Retail

Italy's confidence index of consumers up, that of business down in Nov

01 Dec '23

1 min read

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Insights

Italy's consumer confidence index rose from 101.6 to 103.6 in November this year due to a rise in all its components.
The business confidence index continued to worsen, declining from 103.9 to 103.4 in the month, official statistics agency Istat said.
The retail trade confidence index, after the October contraction, rose from 106.1 to 107.4 in November.

Italy’s consumer confidence index increased from 101.6 to 103.6 in November this year, thanks to a rise in all its components. The business confidence index, or the Istat economic sentiment indicator (IESI), continued to worsen, declining from 103.9 to 103.4 in the month.

In consumer confidence, a significant improvement was observed in the personal climate (from 98.6 to 101.2), in the current one (from 97.4 to 99.8), in the future one (from 107.7 to 109.3), and finally in the economic one (from 110.5 to 111), the official statistics agency Istat said in a release.

The confidence climate in manufacturing increased from 96.1 to 96.6. The balance referring to the assessments on order books slightly decreased, while the one related to the expectations on production recovered. Inventories were considered to have declined slightly during the month.

The retail trade confidence index, after the October contraction, rose again from 106.1 to 107.4 in November. The balance referring to the current business trend decreased from 16.7 to 12.6, while the one concerning the future volume of sales clearly improved from 19.1 to 27.4. A very slight increase in the level of retail inventories was reported.

Fibre2Fashion News Desk (DS)

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