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Press release

Consumer and business confidence - June 2023

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In June 2023, the consumer confidence index rose from 105.1 to 108.6. The improvement was due to the positive trend of all its components. Looking at the data, the economic climate rose from 119.8 to 127.6, the current one went up from 100.0 to 102.0, the personal one grew from 100.1 to 102.2 and, finally, the future one improved from 112.6 to 118.4.

With reference to the business confidence climate, the index (IESI, Istat Economic Sentiment Indicator) weakened from 108.6 to 108.3.

The confidence climate in manufacturing slipped from 101.2 to 100.3. Both expectations on production and assessments on order books showed a worsening (the related balances of variables passed from 4.1 to 3.6 and from -10.8 to -12.8, respectively), while a slight increase was reported in the level of inventories (the balance of the variable passed from 4.6 to 4.8).

The confidence climate in construction increased from 159.4 to 162.5. More in detail, assessments on order books/construction worsened (the balance of the variable lowered from 4.7 to 3.6), but, on the contrary, expectations on employment improved from 5.9 to 11.0.

The market services confidence climate shrank from 104.0 to 103.7. Particularly, compared to the previous month respondents became less optimistic about both current and future volume of order books (the related balances passed from 8.5 to 7.2 and from 6.2 to 5.5, respectively), while they improved their assessments on business trend (the balance of the variable, in fact, edged up from 8.9 to 9.8).

The retail trade confidence index extended its downward path varying from 111.4 to 110.5. Negative developments were due to the worsening in business activity assessments, while the view on future sales improved and level of inventories lowered (the related balances moved from 26.2 to 19.2, from 23 to 25.4 and from 7.1 to 5.4, respectively).

Reference period: June 2023

Date of Issue: 27 June 2023

Next release: 27 July 2023



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