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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ITALY DATA
MNI (London)
ITALY OCT CONSUMER CONFIDENCE 90.1 (FCST 93.5); SEP 94.8
ITALY OCT MANUFACTURING CONFIDENCE 100.4 (FCST 100.0); SEP 101.2r
ITALY OCT ECONOMIC SENTIMENT 104.5; SEP 105.1r
- Italian consumer confidence fell close to 5 points to 90.1 in October, surpassing pandemic-onset lows of 2020.
- Despite weakening manufacturing, a marginal recovery was noted in both manufacturing production and services outlooks, implying cautious initial optimism.
- Retail sentiment fell in October on the back of waning consumer demand. With inflation likely to have accelerated by another 0.5pp to +9.9% y/y (HICP), consumer spending continues to feel the crunch of declining real disposable incomes.
- On Monday, Italy's Q3 GDP data is due. Banca d'Italia's October macroeconomic projections see a contraction in Q3 and Q4, downgrading growth by 1pp to +0.3% in 2023.
- Banca d'Italia upgraded their inflation forecasts to average 8.5% average in 2022, along with a 2pp upgrade to +6.5% in 2023.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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