Consumer confidence
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Consumer Confidence Survey: Survey on consumer confidence is part of the joint harmonized EU program of business and consumer surveys (European Commission Decision C(97) 2241, 15 July 1997 and Communication of European Commission COM(2006) 379, 12 July 2006 and it is cofinanced by the European Commision. Since 1982 the survey is carried out monthly on a representative sample of the Italian adult population. Information are collected in the first 12 days of the month, using telephone interviews with the CATI (Computer assisted telephone interviewing) technique. Sample size is of about 2000 units, with two stages, in proportion to the universe of the Italian adult population and stratified by geographical area and size of municipality of residence. List used corresponds to telephone subscribers; the reporting unit is the telephone subscriber (unit of first stage, randomly selected within the layer), the sample unit is the consumer (unit of second stage), being an adult belonging to the family identified by the telephone number. The selection technique used is a systematic random in the first stage and a quota sampling in the second stage. The questionnaire for the telephone interview includes structural information as well as other questions, mainly qualitative, on the general economic situation in the country and on the personal situation of the respondent. Opinions are expressed as assessment concerning the recent past (last 12 months) or as expectations about short-term future (next 12 months). In particular this survey includes monthly questions on the following aspects: assessments and expectations on the Italian economic situation; expectations on unemployment; assessment and expectations on household's economic situation; assessment on household's financial situation; assessment and expections about inflation; present opportunity and future possibility of savings; present opportunity and future possibility of durable purchases. On quarterly basis (i.e. in January, April, July and October) information are collected on the intentions to buy a new car within the next 12 months; to purchase or to make extraordinary repairs to the dwelling within the next 12 months. Confidence climate index, defined as aritmetical average of nine balances, is a synthetic indicator of all results and it aims at evaluating level of optimism and pessimism among Italian consumers. It can be broken down in personal and economic climates or, alternatively, in present and future climates. These indicators are expressed as index with base year equal 100. Starting from January 2021, estimation process adopts the calibration estimator. Percentage fequency of reply options, balances and climates were estimated again starting from January, 1998.

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Starting from the publication of data referred to January, 2024, the consumer confidence climate index, economic climate index, personal, future and current one at national level and for the four geographical areas (North-west, North-east, Centre, South and Islands) are released with base 2021=100. The new time series of indexes re-based 2021=100 replace the previously published series (base 2010=100). The series published with base 2010=100 estimated until december 2023 are available under the heading of current time series.

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Balances are calculated by considering the frequencies not rounded.

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Monthly question on predictability of future financial situation of the household: starting from November 2022 the balance and the percentage frequencies of each response option are published (raw data). The time series start in May 2021, when the question was added in the questionnaire.

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The survey was not carried out in April 2020 due to coronavirus emergency.Therefore, data referring to April 2020 are not available.

Consumer confidenceData source(s) used

Consumer Confidence Survey: Survey on consumer confidence is part of the joint harmonized EU program of business and consumer surveys (European Commission Decision C(97) 2241, 15 July 1997 and Communication of European Commission COM(2006) 379, 12 July 2006 and it is cofinanced by the European Commision. Since 1982 the survey is carried out monthly on a representative sample of the Italian adult population. Information are collected in the first 12 days of the month, using telephone interviews with the CATI (Computer assisted telephone interviewing) technique. Sample size is of about 2000 units, with two stages, in proportion to the universe of the Italian adult population and stratified by geographical area and size of municipality of residence. List used corresponds to telephone subscribers; the reporting unit is the telephone subscriber (unit of first stage, randomly selected within the layer), the sample unit is the consumer (unit of second stage), being an adult belonging to the family identified by the telephone number. The selection technique used is a systematic random in the first stage and a quota sampling in the second stage. The questionnaire for the telephone interview includes structural information as well as other questions, mainly qualitative, on the general economic situation in the country and on the personal situation of the respondent. Opinions are expressed as assessment concerning the recent past (last 12 months) or as expectations about short-term future (next 12 months). In particular this survey includes monthly questions on the following aspects: assessments and expectations on the Italian economic situation; expectations on unemployment; assessment and expectations on household's economic situation; assessment on household's financial situation; assessment and expections about inflation; present opportunity and future possibility of savings; present opportunity and future possibility of durable purchases. On quarterly basis (i.e. in January, April, July and October) information are collected on the intentions to buy a new car within the next 12 months; to purchase or to make extraordinary repairs to the dwelling within the next 12 months. Confidence climate index, defined as aritmetical average of nine balances, is a synthetic indicator of all results and it aims at evaluating level of optimism and pessimism among Italian consumers. It can be broken down in personal and economic climates or, alternatively, in present and future climates. These indicators are expressed as index with base year equal 100. Starting from January 2021, estimation process adopts the calibration estimator. Percentage fequency of reply options, balances and climates were estimated again starting from January, 1998.

Consumer confidence surveyhttp://siqual.istat.it/SIQual/lang.do?id=8888944&refresh=true&language=UK
Variables collected

Monthly question on predictability of future financial situation of the household: starting from November 2022 the balance and the percentage frequencies of each response option are published (raw data). The time series start in May 2021, when the question was added in the questionnaire.

Base period

Starting from the publication of data referred to January, 2024, the consumer confidence climate index, economic climate index, personal, future and current one at national level and for the four geographical areas (North-west, North-east, Centre, South and Islands) are released with base 2021=100. The new time series of indexes re-based 2021=100 replace the previously published series (base 2010=100). The series published with base 2010=100 estimated until december 2023 are available under the heading of current time series.

Other data characteristics

Balances are calculated by considering the frequencies not rounded.

Estimation

In January 2021, weighted estimates of the variables surveyed were released. New estimates were calculated applying the calibration estimator in the data processing. Percentage frequency reply options, balances and climates were estimated again starting from January, 1998. Estimates obtained without the calibration estimator, calculated until December 2020, were published under the item Previous series.

Seasonal adjustment

Starting from the publication of data referred to january, 2024, all time series will be published only in a raw form, since seasonal component is not signficant anymore.

Other manipulations

Consumer confidence surveyhttp://siqual.istat.it/SIQual/dettaglioIndagine.do?dispatch=docGenerali&id=8888944&refresh=true&language=ENOther comments

The survey was not carried out in April 2020 due to coronavirus emergency.Therefore, data referring to April 2020 are not available.