The climate index of consumer confidence increased to 109.0 in August from 106.7 the previous month. The composite index of confidence of Italian companies declined instead slightly, rising to 103.7 from 104.3 in July. This was communicated by Istat, noting however that both indices remain at peak of the last two years.
All components of the climate of consumer confidence increased to a greater extent the economic one (the index rose to 132.3 from 128.2) and to a lesser extent the other: the staff to 101, 4 to 99.5, the current to 104.0 from 101.7 and 117.4 to 114.7 in the future.
They improve, still indicates Istat, both the opinions and expectations of consumers on the current economic situation of the country (to -62 from -68 and 5 -4, their balances). Respondents judged growing prices in the past 12 months and for the next 12 months (to -14 from -17 and to -14 from -22, balances). Unemployment expectations decreased slightly (to 27 from 28).
As for businesses, the confidence climate in the retail trade (to 107.5 from 106.9) and construction (119.5 to 117.6). Decreases in manufacturing companies (102.5 from 103.5) and, slightly, in the market services (to 109.7 from 109.9).
In manufacturing companies worsen the opinions on orders (to -15 from -12 the balance), the production expectations remain stable (11) and the judgments about stocks (3). In construction improved slightly both the opinions on orders and / or construction plans and expectations on employment (to -32 from -34 and to -10 from -11, the respective balances). In business services is worsening the judgments that the expectations for orders (from 7 to 4 and 5 to 9, the respective balances) but improved expectations on the general economy (19 to 12). In the retail trade improved expectations of future sales (to 28 from 22 the balance), while worsening assessments on current sales (to 14 from 16) and accumulation are deemed inventories (12 from 10).
The hourly contractual wages in July increased by 0.1% from the previous month and by 1.2% against July 2014 . Istat adds that total in the first seven months of 2015 the average hourly earnings grew by 1.1% compared to the same period of 2014. Also still in government for blocking the negotiations.
Watching the main macro sectors, in fact, in July the contractual hourly wages were up 1.7% trend for private sector employees and no change for those of the Public Administration.
The sectors that always in July, as is clear from Istat, the present trend increases more are: agriculture (4.0%); energy and petroleum, mining minerals, rubber, plastic and non-metallic mineral processing (3.0%); engineering (2.7%). Register variations void in the credit and insurance, of food, beverages and tobacco and in all sectors of public administration.
Employment contracts pending renewal at the end of July are 36 (including 15 belonging to the Public Administration), for approximately 4.9 million employees (including about 2.9 million in the public sector). This was communicated by Istat, however, indicating that in July the share of employees in the queue for renewal for the whole economy fell to 38.0%, down from 40.3% the previous month. Instead of waiting months for workers with expired contract they are on average 55.3, up sharply – underscores the Statistical Institute – the same month of 2014 (31.0). The average wait calculated on the total number of employees is 21.0 months, up from a year before (18.3). Also at the end of July instead are 39 national collective agreements of work force for the economic part covering 62.0% of employed workers (about 8 million). Among the contracts monitored was in fact registered at the end of the same month, the implementation of three new agreements (shipping personnel, shipping and administrative business credit-Abi) while two have expired (paper and paper industry and industrial laundries).
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