Milan – Full of confidence for Italian consumers in November: the index traced by Istat touches 118.4 points, the highest level ever registered since the beginning of time series over 20 years ago (January 1995). In October he stood at a height of 117 points. Istat stresses that the figure reflects “only a small part” of the attacks in Paris because the collection is concentrated in the first fortnight of the month. Good news, then, to bet on a recovery driven by domestic consumption, on the eve of the holiday shopping season and in a moment of difficulty regarding external variables: whether the action of the ECB in fact continues to push down yields Government bonds, with positive effects for the public finances, and the price of oil to its lowest crushing inflation, emerging market crises and the international framework of tension threaten exports tricolor, one of the items that traditionally supports the ‘Expansion of the Italian economy. It is no coincidence, then, that while the confidence of the private rooms, the companies track only a slight improvement and manufacturing down: already the orders and sales had a negative trend. Analysis. The ballast to the “slight recovery” Renzi Consumers. In the note Istat, all estimates of the components of the consumer confidence increase, with a greater increase for the economic (to 158.3 from 153.3), which refers to the performance of the country in whole, and more content to the staff (from 103.9 to 105), for the current one (to 111.6 from 109.3) and the future (to 128 from 127.2). In fact improve the estimates in both the opinions both on the current expectations of the country’s economic situation (from -31 to -20 and 31 to 28, the respective balances). The judgments on prices over the past 12 months remain at the level of October (-19). While price expectations over the next 12 months showed a balance moved to -20 from -23. Also decrease unemployment expectations (from -3 to -8), positive signal on confidence in the ability to recover jobs. enterprises. The Institute of Statistics then noted that business confidence shows “substantially stationary” in November and remains at the highest levels since the crisis began in October 2007. The index Istat salt in fact to 107.1, from 107 in October. The climate improves in construction and market services, while falls in manufacturing and in retailing. In manufacturing companies, therefore, worsen both assessments on order books and the production expectations, while judgments about stocks remain stable. Instead constructions improve the assessment on orders or construction plans and employment expectations worsened. In market services are growing expectations for orders, but they contract the opinions on orders and remain stable expectations on the general economy. In retailing, ultimately, improve judgments about current sales and “significantly worse” expectations on future sales. Inventories are judged to be further reduced. The European index. Italy stands out in a flat situation at the continental level. The index Esi European Commission is still only at 106.1 points, while in the EU down by 0.1 share points to 107.6 (it means that it remains stable). It must be said however that most of the polls, even in this case, were made before the terrorist attacks in Paris on Friday 13th November. This means that to get a picture of the economic effect of those events and of the anti-terrorism measures taken by some States in particular France and Belgium, it must wait for the data on the confidence of December.
- Arguments:
- consumer confidence
- trust companies
- Italian economic recovery
- Italian economic crisis
- istat
- Starring:
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