Monday, September 29, 2014

Eurozone, lost confidence in the economy. The index below 100 … – The Republic



Male impressions of consumers pessimism about unemployment, the general economic situation and saving opportunities. Cali also sensitive in the retail trade. Only Spain and the Netherlands with a positive sign

MILAN – Taking stalled, inflation close to zero, difficulty in restarting all the major economies, with a few rare exceptions. The most recent macroeconomic indications are certainly encouraging, as well as messages that arrive from the world of production and political, and the reflection of these “feelings” can be seen in the (lack of) confidence that the citizens of the Old Continent pour into the economy.

In September, the index Esi of the European Commission, which measures the overall business sentiment and consumer trends of the economy fell by 0.7 points ending at an altitude of 99.9 points, then under the its long-term average of 100 points that had passed in December 2013 This reflects a more cautious consumer and visions in the field of retail trade. In the EU, the decline was a point at an altitude of 103.6 points.

Eurozone confidence has grown only in Spain (+0.5 points), increased slightly in the Netherlands (+0, 3), less than in France (+0.2), while it was decreased in Germany (-0.3) and Italy (-0.9 points). Among the countries with the single currency, the trust has declined in industry (-0.2), has remained virtually the same in services (+0.1); consumer confidence for the fourth month in a row worsens (-1.4 points) due to the increased pessimism about unemployment, the general economic situation and the future savings (stable financial situation.)

In the trade to detail the trust has lost

2.6 points, in the construction sector rose by 0.7 points. Confidence in the services finaniziari, which is not included in the index Esi, continues the downward trend observed in the last three months. The employment plans have been revised downward only in the field of retail trade remained stable in industry and construction, improved services. Declining expectations on sales prices.

Extending the analysis to the whole EU, the United Kingdom of business and consumer confidence fell by 0.9 points, to 0.4 in Poland, Sweden 2 , 6 points. For sectors increased only in construction, remained stable in the services, and is weakening in the retail and financial sectors as well as among consumers. Industry has declined by one point.

In Italy, the confidence of business and consumers, grew from 97.8 share points in August to 96.9 points in September, the industry has scored -7 , 8 points (+0.2 compared to August), services -8.3 (-1.8), -1.3 among consumers in the retail sector -5.5, -1 in construction, 5.

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