The economic expectation over the previous 12 months has been bleak to say the least. In October 2014 it stood at -32.6 indicator points, but it has recently recovered. As of October 2015 the economic expectation stands at -1.8 indicator points, which is 14.3 indicator points above the average of 2015 so far.
The Income expectation has been recovering for the past 2 months and lies at 5.5 indicator points as of October 2015. The last 3 months of 2014 all stood at approximately -20.0 indicator points, whereas in 2015 it has not dropped below -11.9. Italy seems to be gaining confidence in their imcome expectations.
The Willingness-to-buy indicator has been somewhat volatile since January 2015, but has all in all seen a positive development throughout the year. The average for 2015 so far has been 1.9 indicator points, starting with -7.6 indicator points in January and finishing with 13.8 indicator points in October 2015.
These findings are extracts from the “GfK Consumer Climate MAXX survey”, which is based on around 2,000 consumer interviews conducted each month (on a representative sample of the Italian population) on behalf of the European Commission. The report contains charts, forecasts and a detailed commentary regarding the indicators. In addition, the report includes information on proposed consumer spending in 20 different areas of the consumer goods and services markets. The GfK Consumer Climate survey has been conducted since 1980.