macro

Italy’s leading indicators send mixed signals on economic momentum

Italy’s business and consumer confidence fell in September 2026, while manufacturing PMI and the OECD leading indicator increased.

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what happened

Reuters published a regularly updated table of forward-looking monthly indicators for the Italian economy. In September 2026, the Bank of Italy’s Ita-coin measure of prospective GDP growth stood at 0.48, down from the previous reading. S&P Global’s composite PMI fell to 51.0, with services PMI at 51.7, while manufacturing PMI rose to 50.4.

The OECD composite leading indicator for Italy increased to 100.3. ISTAT’s business confidence index declined to 95.9 and consumer confidence dropped to 91.2. Confidence in manufacturing, however, climbed to 91.9. All of the figures refer to September 2026.

why it matters

The combination of weaker confidence and services activity with stronger manufacturing and OECD readings presents a mixed picture of Italy’s economic momentum. Markets may use the data when assessing the outlook for the euro area and Italian assets.

instruments

EUR/USDItalian government bondsFTSE MIB

sources

  1. Leading indicators for the Italian economy — Reuters, 12 October 2026 at 14:22 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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