Sixth 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 July 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 surveys conducted in October 2023, January 2024, and April 2024, focusing on the expectations of Italian consumers for the subsequent 12 months. It also provides a comparison of expectations regarding the growth of key microeconomic indicators, outlining a future microeconomic scenario that remains, overall, uncertain.

Specifically, the data collected in July 2024 reveal expectations of a contraction in future income—though slightly improving—and in anticipated consumption for major household expenses over the next 12 months, with the exception of energy bill expenditures.

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.

Sixth 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 July 2024.

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