Italy’s consumer confidence index rose to 114 in January of 2019 from an upwardly revised 113.2 in the previous month and above market consensus of 112.6. Improvement was seen in households' sentiment regarding both the economic (130.8 from 129.5 in December) and personal climate (108.9 from 107), current conditions (112.4 from 110) and future situation (117.4 from 116). Also, concerns over unemployment declined to 28.6 from 29.5. Meantime, the perceptions on inflation for the last 12 months decreased further (-9.1 from -6.5) while expectations on inflation for the next 12 months fell at a softer pace (-5.3 from -6). Consumer Confidence in Italy averaged 104.26 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.