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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Consumer Confidence climbed to 94.5% in August 2026
FMPMonthlyReleased August 2026
Italy Consumer Confidence climbed to 94.5% in August 2026, up 0.3% from July's 94.2% reading. The reading matched the 95.0% consensus. Consumer Confidence has now risen for 4 consecutive months. The reading is in the 24th percentile of the trailing 24-month range.
Latest Release
94.5
Actual
95
Consensus
94.2
Previous
Median Absolute Error
±0.94 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 95.85
Actual: 94.5
Error: +1.35
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.57 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.48 | CRYPTO | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.47 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.39 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Italy) was reported at 94.5% in August 2026. This missed the market consensus of 95% by 0.5%. The reading rose from the previous value of 94.2%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 95.49%, ranging from 92.6% to 97.6% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 94.03%, down from the prior three at 95.6%. Volatility over the past year (σ 1.68%) is comparable than the prior year (σ 1.57%). In August readings over the past 3 years, Consumer Confidence has averaged 95.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.94%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Business Confidence (Sep 30) and Inflation Rate MoM (Sep 30).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Confidence - IT
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About Consumer Confidence — Italy
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 94.5 %, consensus 95 %. Prior reading (Jul 2026): 94.2 %. Before that (May 2026): 93.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.57) — a useful reference for index-focused traders.
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Economic Calendar - IT Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | IT | Harmonised Inflation Rate MoM | 0.1 | -1 | 0.1 | 0.10 | Low |
| 08:00 | IT | Harmonised Inflation Rate YoY | 3.2 | 2.9 | 3.2 | 3.20 | Low |
| 08:00 | IT | Inflation Rate YoY | 3.3 | 2.9 | 3.3 | 3.30 | Low |
| 08:00 | IT | Inflation Rate MoM | 0.5 | 0.3 | 0.5 | 0.50 | Low |
| Friday, September 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | IT | Current Account | 5839 | 5400 | 5784.00 | Low | |