Italy EUR

Italy Business Confidence

Impact:
Medium

Latest Release:

Date:
Surprise:
1.1
| EUR
Actual:
89.6
Forecast: 88.5
Previous/Revision:
88.4
Period: Nov

Next Release:

Date:
Forecast: 88
Period: Dec
What Does It Measure?
Italy Business Confidence measures the level of optimism or pessimism that entrepreneurs and business leaders have regarding the economic outlook in Italy. It primarily focuses on assessing components such as production expectations, employment prospects, and investment intentions, helping to gauge overall business sentiment within the national economy.
Frequency
This indicator is released monthly and typically provides a preliminary estimate, with the official figures published in the second week of the following month.
Why Do Traders Care?
Business Confidence is crucial for traders as it serves as a barometer of economic health, impacting financial markets by influencing investor sentiment. A stronger than expected confidence level is generally bullish for the Euro, equities, and broader economic forecasts, while a weaker reading can signal economic contraction and have bearish implications for these assets.
What Is It Derived From?
The Business Confidence indicator is derived from a survey conducted with a representative sample of businesses across various sectors in Italy, querying their perspectives on current and expected business conditions. The responses are compiled and transformed into a diffusion index, where values above 100 indicate positive sentiment, while values below represent negative sentiment.
Description
The Business Confidence indicator serves as a key measure of economic activity, reflecting the expectations of businesses regarding the economic environment. It is particularly relevant for forecasting inflation, employment levels, and overall economic growth, as business leaders’ sentiments often precede actual economic developments.
Additional Notes
Business Confidence is considered a leading economic indicator, often forecasting future economic trends before they materialize. Its trends can also be compared with consumer confidence to provide insights into overall economic conditions and recovery patterns in Italy and the Eurozone.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. The indicator is typically seen as hawkish when it reflects robust economic sentiment, signaling potential interest rate hikes, which is good for the Euro but could raise borrowing costs, posing challenges for stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
89.6
88.5
88.4
1.1
88.3
87.5
87.4
0.8
87.3
87.5
87.3
-0.2
87.4
87.2
87.8
0.2
87.8
87.7
87.3
0.1
87.3
87
86.6
0.3
86.5
86.2
85.8
0.3
85.7
85.4
86
0.3
86
87.5
86.9
-1.5
87
87
86.8
86.8
85.5
85.9
1.3
85.8
86
86.5
-0.2
86.5
85
85.8
1.5
85.8
87
86.6
-1.2
86.7
87.1
87
-0.4
87.1
87.5
87.6
-0.4
87.6
87
86.9
0.6
86.8
88.7
88.2
-1.9
88.4
88.1
87.7
0.3
87.6
89.5
88.4
-1.9
88.6
87.6
87.5
1
87.3
88.7
88.1
-1.4
88.3
95
87.3
-6.7
95.4
96
96.6
-0.6
96.6
96
96.1
0.6
96
96
96.4
96.4
97.8
97.7
-1.4
97.8
98
99.1
-0.2
99.3
99.8
100.2
-0.5
100.3
101
101.2
-0.7
101.4
102.5
102.8
-1.1
103
104
104.1
-1
104.2
102.5
103
1.7
102.8
104.1
102.8
-1.3
102.7
101.8
101.5
0.9
101.4
102.7
102.5
-1.3
102.5
99.6
100.7
2.9
100.4
100
101.2
0.4
101.3
102.1
104
-0.8
104.3
104.4
106.4
-0.1
106.7
108
109.5
-1.3
110
108.5
109.4
1.5
109.3
109
109.9
0.3
110
110
110.1
110.3
111.7
112.9
-1.4
113.4
113.9
113.7
-0.5
113.9
115.3
115
-1.4
115.2
115.3
115.9
-0.1
116
114
115.1
2
114.9
112.2
113.2
2.7
113
112.6
113.2
0.4
113.4
115
115.2
-1.6
115.7
115.4
114.8
0.3
114.8
112
110.9
2.8
110.2
106.4
106
3.8
105.4
102.5
101.9
2.9
101.2
99.4
99.5
1.8
99
96
95.6
3
95.1
95.6
96
-0.5
95.9
90.5
90.9
5.4
90.2
93.5
94.7
-3.3
95.6
91.7
92.6
3.9
92.1
87.5
87.1
4.6
86.1
88.9
85.3
-2.8
85.2
85.5
80.2
-0.3
79.8
80
71.5
-0.2
71.2
79
87.2
-7.8
89.5
90
98.8
-0.5
100.6
99.4
100
1.2
99.9
99.3
99.3
0.6
99.1
99.1
99
98.9
99.8
99.5
-0.9
99.6
98.5
99
1.1
98.8
100
99.6
-1.2
99.7
99.8
100.1
-0.1
100.1
100.6
100.7
-0.5
100.8
101
101.9
-0.2
102
100.4
100.8
1.6
100.6
100.7
100.8
-0.1
100.8
101.3
101.6
-0.5
101.7
101.4
102
0.3
102.1
103
103.4
-0.9
103.6
103.8
104.3
-0.2
104.4
104.1
104.9
0.3
104.9
104.8
105.6
0.1
105.7
104.5
105
1.2
104.8
106.2
106.7
-1.4
106.9
106.5
106.9
0.4
106.9
106.9
107.6
107.7
107.2
107.7
0.5
107.7
108.7
108.9
-1
109.1
110
110.4
-0.9
110.6
109
109.9
1.6
109.9
110.3
110.3
-0.4
110.5
111
110.7
-0.5
110.8
111.5
110.9
-0.7
111
110
110.5
1
110.4
108.1
108.5
2.3
108.1
108
107.8
0.1
107.7
107
107.3
0.7
107.3
106.7
106.9
0.6
106.9
108
107.7
-1.1
107.9
107
107.2
0.9
107.1
106.3
106.4
0.8
106.3
105
105
1.3
104.8
103.5
103.7
1.3
103.5
103.9
102.2
-0.4
102
103.7
102.9
-1.7
103
102.1
102.1
0.9
101.9
101
101.1
0.9
101.1
102.5
102.9
-1.4
103.1
101.8
102.9
1.3
102.8
101.9
102.1
0.9
102.1
103
102.7
-0.9
102.7
102.6
102.2
0.1
102.2
102.3
102
-0.1
102
102.7
103
-0.7
103.2
103.9
104
-0.7
104.1
104.2
104.4
-0.1
104.6
105.9
105.7
-1.3
105.9
104.1
104.4
1.8
104.2
102.7
102.7
1.5
102.5
103.7
103.5
-1.2
103.6
103.7
103.9
-0.1
103.9
103.8
103.4
0.1
103.5
104.5
104
-1