Italian consumer confidence improves in june

With regard to the consumer survey, the confidence climate index increased in June 2017 from 105.4 to 106.4. All components improved: economic, personal, current and future (from 122.0 to 123.6, from 100.2 to 100.9, from 105.2 to 105.7 and from 106.6 to 107.7, respectively). The balance concerning expectations on unemployment grew from 32.9 to 35.4. The balance on inflation perceptions referring to the last 12 months increased from -11.1 to -3.3 and the balance on inflation expectations for next 12 months grew from -14.1 to -3.7.

With reference to the business surveys, the composite business confidence climate index (IESI, Istat Economic Sentiment Indicator) increased from 106.2 to 106.4.

The confidence index in manufacturing increased from 106.9 to 107.3. Assessments on order books improved, while production expectations worsened. The balance on inventories decreased.

The confidence index in construction increases (index from 128.1 to 129.8). Assessments on order books/construction plans improved (from -26.7 to -23.4 the balance) and employment expectations worsened (balance from -4.1 to -5.1).