The manufacturing confidence index in Italy fell to 97.8 in August of 2023 from the downwardly revised 99.1 in the previous month, the lowest since January of 2021, and missing market expectations of 97.8. The data showed that deterioration was broad-based in the Italian manufacturing sector, with worsening current assessments for new orders (-16.9 vs -16.3 in July), production (-12.1 vs -12.8), and finished goods stocks (4.8 vs 4.9). Future confidence also declined, as noted in expectations of new orders (2.5 vs 3.8), output (2.7 vs 3.9), and employment (2.6 vs 3.4), while expectations of prices rose (2.7 vs 1.7) for the first time in 11 months. source: National Institute of Statistics (ISTAT)

Business Confidence in Italy averaged 102.26 points from 1991 until 2023, reaching an all time high of 121.52 points in February of 1995 and a record low of 71.20 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 2023.

Business Confidence in Italy is expected to be 97.00 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 107.00 points in 2024 and 104.20 points in 2025, according to our econometric models.

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Italy Business Confidence



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-27 08:00 AM Jul 99.3 100.2 99.8 99.5
2023-08-30 08:00 AM Aug 97.8 99.1 98 98.1
2023-09-28 08:00 AM Sep 97.8 97


Related Last Previous Unit Reference
Business Confidence 97.80 99.10 points Aug 2023
Industrial Production Mom 0.50 1.70 percent Jun 2023
Industrial Production -0.80 -3.50 percent Jun 2023
Manufacturing Production -0.09 -3.31 percent Jun 2023
Capacity Utilization 77.10 77.20 percent Jun 2023
Factory Orders 1.70 -1.40 percent Dec 2020
New Orders 123.00 109.70 points Dec 2020
Changes in Inventories -4609.40 -4607.60 EUR Million Mar 2023
Mining Production -9.54 -3.18 percent Jun 2023
Manufacturing Sales 0.40 1.50 percent Jun 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
97.80 99.10 121.52 71.20 1991 - 2023 points Monthly
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News Stream
Italy Business Confidence Drops to Over 2-Year Low
The manufacturing confidence index in Italy fell to 97.8 in August of 2023 from the downwardly revised 99.1 in the previous month, the lowest since January of 2021, and missing market expectations of 97.8. The data showed that deterioration was broad-based in the Italian manufacturing sector, with worsening current assessments for new orders (-16.9 vs -16.3 in July), production (-12.1 vs -12.8), and finished goods stocks (4.8 vs 4.9). Future confidence also declined, as noted in expectations of new orders (2.5 vs 3.8), output (2.7 vs 3.9), and employment (2.6 vs 3.4), while expectations of prices rose (2.7 vs 1.7) for the first time in 11 months.
2023-08-30
Italy Industry Morale Hits New 2021-Low
The manufacturing confidence index in Italy fell to 99.3 in July 2023 from a downwardly revised 100.2 in the previous month and missing market expectations of 99.8. It was the lowest reading since January 2021, with both assessments of current production (-12.1 vs -11) and order books (-16.1 vs -13) worsening, while a slight increase was reported in the level of inventories (4.9 vs 4.8). Pessimism also grew regarding the future economic outlook (-13.9 vs -11).On the other hand, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 109.1 from the six-month low of 108.2 thanks to improved sentiment among services, retailers and building firms.
2023-07-27
Italy Industry Morale Lowest since January 2021
The manufacturing confidence index in Italy decreased to 100.3 in June 2023, the lowest since January 2021, from a downwardly revised 101.2 in the previous month and missing market expectations of 101. Both expectations on production (3.6 vs 4.1 in May) and assessments on order books (-12.8 vs -10.8) showed a worsening, while a slight increase was reported in the level of inventories (4.8 vs 4.6). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, dropped to a six-month low of 108.3 from 108.6.
2023-06-27