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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Thomson Reuters IPSOS PCSI fell to 42.97 in August 2026
FMPMonthlyReleased September 2026
Italy Thomson Reuters IPSOS PCSI fell to 42.97 in August 2026, released September 2026, down 1.36 from July's 44.33 reading.
Latest Release
42.970000
Actual
—
Consensus
44.330000
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 |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.34 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.33 | COMMODITIES | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.27 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.27 | 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 42.97 in September 2026. The reading fell from the previous value of 44.33. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 45.46, ranging from 42.97 to 48.07 across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 44.38, down from the prior three at 44.87. Volatility over the past year (σ 1.69) is higher than the prior year (σ 1.27).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 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 fell to 42.970000 in September from August’s 44.330000, marking a continued contraction below the 50 threshold. The decline from 44.33 to 42.97 signals weakening sentiment compared to the prior month. Market participants will watch upcoming data for further clarity on economic momentum. Updated 9/10/26
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 (Sep 2026): actual 42.97. Prior reading (Aug 2026): 44.33. Before that (Jul 2026): 45.85.
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.
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EXPECTED ZONE
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Economic Calendar - IT Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | IT | Balance of Trade | 4.232 | 4.77 | 4.32 | Medium | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | IT | Inflation Rate YoY | 3.3 | 2.9 | 3.3 | 3.30 | Low |
| 08:00 | IT | Harmonised Inflation Rate MoM | 0.1 | -1 | 0.1 | 0.07 | Low |
| 08:00 | IT | Harmonised Inflation Rate YoY | 3.2 | 2.9 | 3.2 | 3.18 | Low |
| 08:00 | IT | Inflation Rate MoM | 0.5 | 0.3 | 0.5 | 0.50 | Low |