Italy's manufacturing confidence index surged to 105.4 in April of 2021 from an upwardly revised 101.9 in the previous month, easily beating market expectations of 102.5. It was the strongest business morale since September 2018, as Covid-19 infections started to decrease and related restrictions were eased while Prime Minister Draghi is expected to present an Economic Recovery Plan by the end of April to obtain more than €200 billion from the EU. Both the assessments on order book current trend (-6.6 vs -13.2) and the expectations on future production developments (8.3 vs 5.4) improved. Also, the de-stocking continued (1.1 vs 1.6). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, went up to 97.3 in April from 94.2 in March, the highest since December 2019. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy averaged 101.84 points from 1991 until 2021, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.60 points in March of 2009. This page provides the latest reported value for - Italy Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Business Confidence in Italy is expected to be 105.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Italy to stand at 102.00 in 12 months time. In the long-term, the Italy Business Confidence is projected to trend around 102.00 points in 2022 and 98.00 points in 2023, according to our econometric models.

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Italy Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
105.40 101.90 121.52 71.60 1991 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 09:00 AM Jan 95.1 96.0 95.6 94
2021-02-25 09:00 AM Feb 99 95.6 96 97
2021-03-26 09:00 AM Mar 101.2 99.5 99.4 100
2021-04-27 08:00 AM Apr 105.4 101.9 102.5 102.5
2021-05-27 08:00 AM May 105.4
2021-06-25 08:00 AM Jun
2021-07-28 08:00 AM Jul
2021-08-27 08:00 AM Aug


News Stream
Italy Business Morale Strongest Since 2018
Italy's manufacturing confidence index surged to 105.4 in April of 2021 from an upwardly revised 101.9 in the previous month, easily beating market expectations of 102.5. It was the strongest business morale since September 2018, as Covid-19 infections started to decrease and related restrictions were eased while Prime Minister Draghi is expected to present an Economic Recovery Plan by the end of April to obtain more than €200 billion from the EU. Both the assessments on order book current trend (-6.6 vs -13.2) and the expectations on future production developments (8.3 vs 5.4) improved. Also, the de-stocking continued (1.1 vs 1.6). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, went up to 97.3 in April from 94.2 in March, the highest since December 2019.
2021-04-27
Italy Business Morale Improves to 20-Month High
Italy's manufacturing confidence index rose to 101.2 in March of 2021 from an upwardly revised 99.5 in the previous month and well above market expectations of 99.4 despite an ongoing coronavirus crisis. It was the highest level of business morale since July of 2019, as firms were more optimistic about both the order book current trend (-14.3 vs -18.5) and the future production developments (4.6 vs 3.8). Furthermore, stocks were considered to remain virtually stable (at 1.6). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, went up to 93.9 in March from 93.3 in February, the highest since February 2020.
2021-03-26
Italy Business Morale At Pre-Pandemic Levels
Italy's manufacturing confidence index advanced to 99 in February of 2021 from an upwardly revised 95.6 in the previous month and above market expectations of 96. It was the highest level of business morale since November 2019, before the start of Italy's COVID-19 outbreak, as a long-running political crisis ended with the arrival of Mario Draghi's new government. Both the balance on the current trend of order books (-19.3 vs -22.9 in January) and the one on the future developments in production (3.3 vs -1.1) improved and stocks were considered to have diminished (1.6 vs 3.2). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, climbed to a one-year high of 93.2 in February from 88.3 in January.
2021-02-25
Italy Business Morale Falls More than Expected
Italy's manufacturing confidence index declined to 95.1 in January of 2021 from a downwardly revised 96 in the previous month and below market expectations of 95.6, as the coronavirus pandemic continues to hit. The expectations on the future production developments worsened (-2 vs 0.4 in December) and firms indicated an increase in stock level (3.3 vs 1.3). On the other hand, the opinions of surveyed firms on the order book current trend improved (-23.4 vs -25.4). Meantime, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, edged up to 87.9 in January from 87.7 in December.
2021-01-28

Italy Business Confidence
In Italy, the Manufacturing Confidence Index covers 4,000 Italian companies. The questionnaire focuses on the current trend of order books, production and inventories, short-term forecasts on order books, production, prices and the general economic situation. The business confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in business sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.