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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Thomson Reuters IPSOS PCSI climbed to 42.99 in September 2026
FMPMonthlyReleased October 2026
Italy Thomson Reuters IPSOS PCSI climbed to 42.99 in September 2026, released October 2026, up 0.02 from August's 42.97 reading.
Latest Release
42.990000
Actual
—
Consensus
42.970000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.41 | COMMODITIES | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Thomson Reuters IPSOS PCSI (Italy) was reported at 42.99 in October 2026. The reading rose from the previous value of 42.97. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 45.26, ranging from 42.97 to 48.07 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 43.43, down from the prior three at 44.31. Volatility over the past year (σ 1.83) is higher than the prior year (σ 1.24).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with Euro STOXX 50, positively correlated (Bullish Euro STOXX 50).
WHAT TO WATCH NEXT
The next release is scheduled for November 12, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and S&P Global Services PMI (Nov 4).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Thomson Reuters IPSOS PCSI - IT
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About Thomson Reuters IPSOS PCSI — Italy
DEFINITION
Italy’s Thomson Reuters IPSOS PCSI for October registered at 42.990000, slightly above September’s 42.970000, indicating a marginal improvement. The index remains below the 50 threshold, signaling continued contraction in sentiment. Market participants will watch upcoming data for clearer direction amid persistent economic challenges. Updated 10/15/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 42.99. Prior reading (Sep 2026): 42.97. Before that (Aug 2026): 44.33.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.41) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - IT Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | IT | Unemployment Rate | 6.3 | 6.2 | 6.2 | 6.25 | High |
| 11:00 | IT | Consumer Confidence | 90.3 | 91.2 | 90.9 | 91.18 | Medium |
| 11:00 | IT | Business Confidence | 91.9 | 91.9 | 92 | 92.15 | Medium |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | IT | GDP Growth Rate YoY | 0.8 | 1 | 0.9 | 0.85 | High |
| 09:00 | IT | GDP Growth Rate QoQ | 0 | 0.2 | 0.1 | 0.05 | High |
| 10:00 | IT | Inflation Rate YoY | 5.4 | 4.2 | 4.6 | 4.80 | High |
| 10:00 | IT | Inflation Rate MoM | 0.9 | 0.7 | 0.3 | 0.43 | Medium |
| 10:00 | IT | Harmonised Inflation Rate MoM | 1.2 | 2.1 | 0.5 | 0.68 | Low |
| 10:00 | IT | Harmonised Inflation Rate YoY | 5.6 | 4.2 | 4.6 | 4.88 | Low |