Italy's consumer confidence index drops to 106.5 in Aug 2023

With reference to the business confidence climate, the index—the Italian National Institute of Statistics (ISTAT) Economic Sentiment Indicator (IESI)—changed for the worse from 108.9 to 106.8, ISTAT said in a press release.

The confidence climate in manufacturing decreased from 99.1 to 97.8. More specifically, unfavourable signals came both from assessments on order books and expectations on production; the related balances got worse from -16.3 to -18.9 and from 3.9 to 2.7, respectively. With regard to stocks, their level held virtually stable; indeed, the balance of the variable modified from 4.9 to 4.8.

The retail trade confidence index went down from 111.0 to 108.8. In particular, the worsening was due to decreasing assessments and expectations on the business trend—balances of both the variables regressed, passing from 24.2 to 23.5 the first and from 24.2 to 22.0 the second, while inventories grew further—the related balances moved from 7.5 to 11.3.

ALCHEMPro News Desk (NB)