Business confidence in Italy

ISTAT · Monthly · Importance

-6.4 (Jun-26) ABS · balance · Monthly · CSV

Period	balance
Jun 2026	-6.4
May 2026	-6.9
Apr 2026	-6.8
Mar 2026	-6.0
Feb 2026	-6.5
Jan 2026	-5.9
Dec 2025	-6.5
Nov 2025	-5.5
Oct 2025	-6.6
Sep 2025	-7.6
Aug 2025	-7.6
Jul 2025	-6.9
Jun 2025	-7.4
May 2025	-8.1
Apr 2025	-8.8
Mar 2025	-8.4
Feb 2025	-8.3
Jan 2025	-8.4
Dec 2024	-9.4
Nov 2024	-9.1
Oct 2024	-9.1
Sep 2024	-8.4
Aug 2024	-8.3
Jul 2024	-7.6
Jun 2024	-7.9
May 2024	-6.2
Apr 2024	-6.5
Mar 2024	-6.3
Feb 2024	-7.5
Jan 2024	-7.1
Dec 2023	-7.7
Nov 2023	-7.4
Oct 2023	-7.3
Sep 2023	-6.8
Aug 2023	-6.0
Jul 2023	-5.6
Jun 2023	-4.8
May 2023	-3.3
Apr 2023	-1.6
Mar 2023	-0.4
Feb 2023	-0.7
Jan 2023	-1.4
Dec 2022	-1.7
Nov 2022	-1.9
Oct 2022	-2.9
Sep 2022	-2.4
Aug 2022	-0.2
Jul 2022	1.0
Jun 2022	3.4
May 2022	4.1
Apr 2022	4.4
Mar 2022	4.2
Feb 2022	8.2
Jan 2022	8.3
Dec 2021	10.5
Nov 2021	10.2
Oct 2021	11.1
Sep 2021	9.7
Aug 2021	8.9
Jul 2021	9.9

Period	saldo
Jun 2026	0.5
May 2026	-0.1
Apr 2026	-0.8
Mar 2026	0.5
Feb 2026	-0.6
Jan 2026	0.6
Dec 2025	-1.0
Nov 2025	1.1
Oct 2025	1.0
Sep 2025	0.0
Aug 2025	-0.7
Jul 2025	0.5
Jun 2025	0.7
May 2025	0.7
Apr 2025	-0.4
Mar 2025	-0.1
Feb 2025	0.1
Jan 2025	1.0
Dec 2024	-0.3
Nov 2024	0.0
Oct 2024	-0.7
Sep 2024	-0.1
Aug 2024	-0.7
Jul 2024	0.3
Jun 2024	-1.7
May 2024	0.3
Apr 2024	-0.2
Mar 2024	1.2
Feb 2024	-0.4
Jan 2024	0.6
Dec 2023	-0.3
Nov 2023	-0.1
Oct 2023	-0.5
Sep 2023	-0.8
Aug 2023	-0.4
Jul 2023	-0.8
Jun 2023	-1.5
May 2023	-1.7
Apr 2023	-1.2
Mar 2023	0.3
Feb 2023	0.7
Jan 2023	0.3
Dec 2022	0.2
Nov 2022	1.0
Oct 2022	-0.5
Sep 2022	-2.2
Aug 2022	-1.2
Jul 2022	-2.4
Jun 2022	-0.7
May 2022	-0.3
Apr 2022	0.2
Mar 2022	-4.0
Feb 2022	-0.1
Jan 2022	-2.2
Dec 2021	0.3
Nov 2021	-0.9
Oct 2021	1.4
Sep 2021	0.8
Aug 2021	-1.0
Jul 2021	1.5

Period	saldo
Jun 2026	1.0
May 2026	1.2
Apr 2026	2.0
Mar 2026	2.4
Feb 2026	1.8
Jan 2026	2.5
Dec 2025	2.9
Nov 2025	3.6
Oct 2025	2.5
Sep 2025	0.8
Aug 2025	0.7
Jul 2025	0.7
Jun 2025	0.5
May 2025	-1.9
Apr 2025	-2.3
Mar 2025	-2.1
Feb 2025	-0.8
Jan 2025	-1.3
Dec 2024	-1.7
Nov 2024	-1.7
Oct 2024	-1.8
Sep 2024	-1.6
Aug 2024	-2.3
Jul 2024	-2.0
Jun 2024	-3.1
May 2024	-2.9
Apr 2024	-4.9
Mar 2024	-5.9
Feb 2024	-6.8
Jan 2024	-5.7
Dec 2023	-6.0
Nov 2023	-5.5
Oct 2023	-4.4
Sep 2023	-4.4
Aug 2023	-5.8
Jul 2023	-6.6
Jun 2023	-8.2
May 2023	-7.4
Apr 2023	-6.0
Mar 2023	-4.6
Feb 2023	-8.9
Jan 2023	-9.7
Dec 2022	-12.2
Nov 2022	-12.1
Oct 2022	-14.0
Sep 2022	-12.1
Aug 2022	-9.1
Jul 2022	-8.9
Jun 2022	-5.0
May 2022	-2.6
Apr 2022	1.3
Mar 2022	4.6
Feb 2022	11.2
Jan 2022	14.2
Dec 2021	17.4
Nov 2021	23.8
Oct 2021	19.3
Sep 2021	20.7
Aug 2021	26.2
Jul 2021	29.8

About this indicator

Source

ISTAT

Frequency

Monthly

Release

Usually in the second half of the reference month.

What it is

Italy's Business Confidence is the firms' confidence climate index published by ISTAT. It gathers managers' assessment of current business conditions and their expectations, and it serves as a leading indicator of the economic cycle.

How it's calculated

ISTAT surveys firms in manufacturing, construction, retail and market services each month about their order books, stocks, output and expectations. The balance of replies is summarised in a composite, seasonally adjusted index, with 2010 set to 100.

Market implications

Business confidence is closely tied to output and investment and is released ahead of the official data, so it helps anticipate GDP. A sustained improvement points to stronger activity and employment.

Limitations

It reflects perceptions that do not always feed through to real activity; it is subject to sampling error and can swing on factors unrelated to the cycle. It is best read as a trend rather than a single reading.