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.