Seventh Monthly Report released by ANIA and UniNa: Italian Consumer Expectations on macroeconomics indicators

Developed by a joint working group from ANIA (Italian National Association of Insurance Companies) and the Department of Economics and Statistics at the University of Naples Federico II, the goal of the Monthly Report is to track Italian consumer expectations through descriptive statistical analysis of data collected by the “Italian Survey on Consumer Expectations” (ISCE).

This survey investigates consumers' economic and financial choices and their expectations for the future trends of various economic indicators. It also includes a thematic section that varies with each survey wave.

For each ISCE survey, conducted on a quarterly basis, the report provides periodic updates on Italian consumer expectations regarding the macroeconomic and microeconomic landscape, as well as findings from specific thematic sections.

This report is based on data from the Italian Survey on Consumer Expectations (ISCE) conducted between October 2023 and October 2024. It examines Italian consumers' expectations regarding key macroeconomic variables, such as GDP, inflation, unemployment, interest rates, and housing prices.

The report analyzes data from the survey conducted in October 2024, focusing on Italian consumers' expectations for 2025 regarding key macroeconomic and microeconomic variables. The survey results indicate that, concerning macroeconomic variables, Italian households hold more pessimistic expectations compared to official forecasts. On an individual level, consumers anticipate lower incomes for the coming year and foresee a slight increase in spending compared to the current situation. Among spending categories, energy bills are once again significant, showing a renewed increase compared to previous surveys. At the same time, consumers expect to invest their savings at still relatively high interest rates.

For detailed information on methodology, content, definitions, and the survey sample, please refer to the Methodological Appendix.
Further insights on the data presented and additional statistical information not included in the report can be found in the Statistical Appendix.

Any questions regarding the data in this publication may be directed via email to grins_spoke3@ania.it.

The information contained in these publications may be used and distributed with appropriate citation of the source. ANIA and UniNa bear no responsibility for any misinterpretation or incorrect conclusions drawn from the information provided.

Seventh Monthly Report released by ANIA and UniNa: Italian Consumer Expectations on macroeconomics indicators

An intertemporal analysis of Italian consumer expectations regarding key macroeconomic variables—GDP, inflation, unemployment, interest rates, and housing prices—based on survey data from October 2023 to October 2024.

This report is based on data from the Italian Survey on Consumer Expectations (ISCE) conducted between October 2023 and October 2024. It examines Italian consumers' expectations regarding key macroeconomic variables, such as GDP, inflation, unemployment, interest rates, and housing prices.