Milan, 27 November (LaPresse) – In November 2025, consumer confidence is expected to worsen (from 97.6 to 95), while the composite indicator of business confidence is expected to increase from 94.4 to 96.1. According to Istat data, there is a widespread deterioration in consumer sentiment, which is more pronounced with regard to the future: the economic climate falls from 99.3 to 96.5, the personal climate falls from 97.0 to 94.5, the current climate falls from 100.2 to 98.6 and the future climate falls from 94.1 to 90.2. With regard to businesses, the confidence index rose in market services (from 95.1 to 97.7) and retail trade (from 105.2 to 107.3). The climate also improved in the manufacturing industry (from 88.4 to 89.6), while it declined in construction from 103.2 to 102.6.