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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Consumer Confidence climbed to 94.2% in July 2026
FMPMonthlyReleased July 2026
Italy Consumer Confidence climbed to 94.2% in July 2026, up 1.8% from June's 92.4% reading. The reading matched the 92.5% consensus. Consumer Confidence has now risen for 3 consecutive months. The reading is in the 20th percentile of the trailing 24-month range.
Latest Release
94.2
Actual
92.5
Consensus
92.4
Previous
Median Absolute Error
±0.94 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 94.15
Actual: 94.2
Error: -0.05
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.53 | CRYPTO | Moves with | → View |
| S&P 500 | ▲ Direct | +0.49 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.40 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.33 | INDEX | 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 94.2% in July 2026. This beat the market consensus of 92.5% by 1.7%. The reading rose from the previous value of 92.4%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 95.66%, 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 93.4%, down from the prior three at 96.93%. Volatility over the past year (σ 1.66%) is comparable than the prior year (σ 1.57%). In July readings over the past 3 years, Consumer Confidence has averaged 96.77%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). 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 August 28, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and Retail Sales MoM (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jul 2026): actual 94.2 %, consensus 92.5 %. Prior reading (May 2026): 93.4 %. Before that (Apr 2026): 90.8 %.
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 BTC/USD (Bullish BTC, r=0.53) — a useful reference for crypto-focused traders.
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Economic Calendar - IT Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | IT | Business Confidence | 89.6 | 88.6 | 88.9 | 89.25 | Medium |
| 08:00 | IT | Consumer Confidence | 94.2 | 92.4 | 92.5 | 93.35 | Medium |
| 09:00 | IT | Inflation Rate MoM | 0.2 | 0 | 0.3 | 0.25 | Medium |
| 09:00 | IT | HICP MoM | -1 | 0 | -1 | -1.00 | Low |
| 09:00 | IT | Inflation Rate YoY | 2.8 | 3 | 2.8 | 2.80 | High |
| 09:00 | IT | CPI MoM | 0.2 | 0 | 0.3 | 0.25 | Low |
| 09:00 | IT | CPI YoY | 2.8 | 3 | 2.8 | 2.80 | Low |
| 09:00 | IT | Harmonised Inflation Rate MoM | -1 | 0 | -1 | -1.00 | Low |
| 09:00 | IT | Harmonised Inflation Rate YoY | 2.9 | 3 | 2.8 | 2.85 | Low |
| 09:00 | IT | HICP YoY | 2.9 | 3 | 2.8 | 2.85 | Low |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:45 | IT | S&P Global Manufacturing PMI | 52.2 | 52.5 | 52.60 | Medium | |
| Tuesday, August 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | IT | Retail Sales MoM | 0.2 | 0.1 | 0.70 | Medium | |
| 08:00 | IT | Retail Sales YoY | 2.2 | 1.4 | 2.65 | Low | |