Italy Consumer and Business Confidence

Data Sentiment

Source: Istat
Source Link: https://www.istat.it/
Frequency: Monthly
Next Release(s): February 26th, 2026 4:00 AM

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Italy Consumer and Business Confidence: October 2025 2025-10-28 04:00
Italy’s consumer confidence index rose +0.6 pts to 96.8 in September 2025, marking an improvement after the August decline.
- Economic climate strengthened to 98.8 (from 97.0), showing a notable rebound.
- Current climate edged higher to 99.9 (from 99.2), remaining the strongest subcomponent.
- Future climate improved slightly to 92.6 (from 92.2), though it continues to trail other components.
- Personal climate was broadly stable at 96.0 (vs 95.9), indicating little change in household views.
Italy’s business confidence index (IESI) edged up to 93.7 in September 2025 (from 93.6 in August), with sector trends diverging across industries.
- Manufacturing confidence held steady at 87.3, as firms reported stronger order books (balance -19.7 vs -20.5) but weaker production expectations (balance -0.4 vs 0.4); inventories were unchanged at 2.7.
- Construction confidence rose slightly to 101.5 (from 101.3), supported by improved order books (balance -3.8 vs -4.6), though employment expectations eased (balance 7.0 vs 7.5).
- Market services confidence increased to 95.6 (from 95.1), with better expectations for future order books (balance 6.0 vs 1.4), even as current business trend (0.3 vs 2.0) and order book levels (-0.2 vs 1.1) weakened.
- Retail trade confidence fell to 101.6 (from 102.7), as current business trend dropped (7.9 vs 15.7), though inventories (9.6 vs 8.8) and expectations for future sales (27.1 vs 22.0) improved.
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Italy’s consumer confidence index declined -1.0 pts to 96.2 in August, with all subcomponents weakening.
- Economic climate dropped -1.2 pts to 97.0.
- Personal climate fell -1.0 pts to 95.9.
- Future climate declined -1.7 pts to 92.2.
- Current climate eased -0.5 pts to 99.2.
Italy’s business confidence index (IESI) was unchanged at 93.6, though sector trends diverged.
- Manufacturing confidence slipped -0.4 pts to 87.4, as weaker production expectations and higher inventories outweighed improved order books.
- Construction confidence declined -1.0 pts to 101.3, with order books deteriorating, though employment expectations improved.
- Market services confidence rose +1.2 pts to 95.0, supported by stronger order books, business trends, and expectations.
- Retail trade confidence fell -2.9 pts to 102.8, driven by weaker sales assessments and expectations, alongside rising inventories.
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Italy’s consumer confidence index rose 1.1 pts to 97.2 in July 2025, with broad-based improvements across current, personal, and future sentiment, despite a decline in the economic climate component.
- Personal climate increased 2.1 pts to 96.9, current climate rose 1.8 pts to 99.7, and future climate ticked up 0.2 pts to 93.9.
- Economic climate fell -1.4 pts to 98.2, partially offsetting the gains in other sub-indices.
Italy’s business confidence index (IESI) edged down -0.3 pts to 93.6, driven by weakness in services and construction.
- Manufacturing confidence rose 0.5 pts to 87.8 as order book assessments and production expectations improved.
- Construction confidence dropped -1.0 pts to 102.4 due to weaker labor expectations, though order books slightly improved.
- Market services sentiment declined -1.8 pts to 93.7 as all components, business trend, current and expected orders, worsened.
- Retail trade confidence jumped 3.8 pts to 105.8, with strong improvements in sales expectations and current sales.
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Italy’s consumer confidence index edged down -0.4 pts to 96.1 in June, as declines in personal and current sentiment outweighed gains in the economic climate.
- Personal climate fell -1.3 pts to 94.8, and current climate dropped -0.7 pts to 97.9.
- The economic climate improved 2.1 pts to 99.6, while future expectations were unchanged at 93.7.
Italy’s business confidence index (IESI) rose 0.8 pts to 93.9 in June, the second monthly gain.
- Market services sentiment rose 1.1 pts to 95.6, driven by optimism on business trends and orders.
- Manufacturing sentiment rose 0.7 pts to 87.3 despite weaker order book assessments.
- Construction confidence increased 1.3 pts to 103.4 on stronger labor expectations.
- Retail trade confidence fell -0.9 pts to 101.9 due to weaker expectations despite improved current sales.
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Italy’s consumer confidence index rebounded 3.8 pts to 96.5 in May, reversing April’s sharp drop, with improvements across all subcomponents.
- The economic climate index jumped 7.9 pts to 97.5, while the current climate rose 3.2 pts to 98.6.
- Future and personal confidence improved to 93.7 (+4.6 pts) and 96.1 (+2.2 pts), respectively.
Italy’s composite business confidence index (IESI) rose 1.5 pts to 93.1 in May.
- Market services sentiment increased 3.1 pts to 94.5, driven by better demand and improved business conditions.
- Retail trade confidence rose 1.0 pt to 102.8 on stronger sales assessments despite a decline in expectations.
- Manufacturing confidence edged up 0.7 pts to 86.5, with slight improvements in orders and production outlook.
- Construction sentiment declined -1.4 pts to 102.2 as labor expectations weakened.
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Italy’s consumer confidence index fell -2.3 pts to 92.7 in April, the lowest since early 2021 and below expectations of a reading of 94.
- The economic confidence sub-index dropped the most, down -3.6 pts to 89.6.
- The personal, current, and future climate indices fell to 93.9 (-1.8 pts), 95.4 (-2.5 pts), and 89.1 (-2.0 pts), respectively.
Italy’s composite business confidence index declined -1.7 pts to 91.5 in April, also the lowest since early 2021.
- Market services confidence declined -2.9 pts to 91.4, largely due to weakness in the tourism sector.
- Retail trade confidence fell -2.0 pts to 101.8, driven by weaker sales assessments and inventory accumulation, though sales expectations improved.
- Construction confidence eased -1.0 pts to 103.6, with worsening employment expectations.
- Manufacturing confidence dipped slightly by -0.3 pts to 85.7, as better order assessments were offset by weaker production expectations.
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Italy’s consumer confidence index declined -3.8 pts to 95.0 in March, with broad-based deterioration across all components. The economic index fell -7.0 pts to 93.2, and the future index dropped -5.5 pts to 91.1.
- The personal confidence index decreased -2.6 pts to 95.7, while the current index fell -2.6 pts to 97.9.
- Business confidence (IESI) declined -1.4 pts to 93.3.
- Manufacturing confidence weakened -0.9 pts to 86.0, with worsening order book assessments (-20.8 to -23.3), though future production expectations improved slightly (-1.0 to -0.8).
- Construction confidence improved 1.2 pts to 104.6, with better employment expectations (7.5 to 11.5) but weaker order book assessments (-0.4 to -2.0).
- Market services confidence dropped -2.9 pts to 94.5, driven by worsening order book assessments (4.7 to 2.7) and negative business trend views (4.7 to 2.1).
- Retail trade confidence was nearly unchanged at 103.9 (-0.1 pts), with weaker current business assessments (21.1 to 14.8) but stronger future sales expectations (18.5 to 25.8).
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Italy’s consumer confidence index improved 0.6 pts to 98.8 in February, slightly ahead of forecasts of a smaller rise to 98.4.
- Consumers felt better about their personal situations (+1.2 pts to 98.3) while feeling slightly less confident about the broader economy (-1.1 pts to 100.2).
- Both current confidence and expectations saw improvements as well, up 0.7 pts to 100.5 and up 0.5 pts to 96.6 respectively.
While the consumer index improved, the business climate indicator fell -0.9 pts to 94.8.
- The manufacturing index saw a marginal improvement of 0.2 pts to 87.0 which was in stark contrast to the -1.5 pt drop to 97.5 in the services index.
- Sentiment in the construction (-0.8 pts to 103.4) and retail (-2.3 pts to 104.0) industries also declined.
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