Manufacturing confidence in Italy slumped to 106.7 in July of 2022 from a downwardly revised 109.5 in the prior month, missing market expectations of 108. The figure marked the lowest level of manufacturing confidence since March 2021, pressured by the Italian government's collapse, the energy crisis, and higher interest rates by the ECB. Expectations declined for new orders (3 vs 5.5 in June), production (5.4 vs 7.7), and employment (6.9 vs 7.8). On top of that, current sentiment deteriorated regarding orders (-0.3 vs 6.3) and production (0 vs 3.1). source: National Institute of Statistics (ISTAT)
Business Confidence in Italy averaged 102.27 points from 1991 until 2022, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.30 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 August of 2022.
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. In the long-term, the Italy Business Confidence is projected to trend around 103.00 points in 2023 and 101.00 points in 2024, according to our econometric models.