Cala confidence of businesses and consumers, “but remains at a high level” – The Republic

Milan – The Italian consumer and business confidence remains high, but December marks a sea change. In November, in fact, the consumer index had reached its historical peak at an altitude of 118.4 points, while this month there was a decline to 117.6 points. The Institute of Statistics said that despite the decline, confidence remains “the highest levels”. In one year, the index rose by more than 20 points. For when riguara companies, in December the composite index down to 105.8 from 107.1 in November to the lowest level since August, the strongest declines were recorded for the construction and retail trade.

All estimates of the components of the consumer confidence decline: the decline is greater for economic components and current passing, respectively, to 152.9 from 157.9 and 109.1 to 111.6; the difference is more contained for the personal component (to 104.5 from 105.0) and future (to 127.3 from 128.0). Worse estimates both the opinions on the current economic situation is expected in the country (to -24 from -20 and 25 to 31 the respective balances). For judgments on prices during the past 12 months, the balance increased to -16 from -19. As for the price expectations over the next 12 months, the balance moved to -11 from -20. Increase the balance of unemployment expectations (2-by-8).

As for businesses, the confidence climate in market services (to 114.3 from 113.8), while falls in construction (to 114.8 from 121.4), in retail trade (to 109.1 from 115.0) and, although more livemente, in manufacturing (to 104.1 from 104.4). In manufacturing companies remain stable both assessments on order books and the production expectations (-11 and 12, respectively), while judgments about stocks go from 4 to 3. In construction worse assessments on orders and / or construction plans ( to -37 from -29) but remain stable employment expectations (-11).

In the services market grow both judgments that the expectations for orders, from 5 to 10 and 10 from 9 their balances, but they contract the expectations on the general economy (22 to 27). In the retail trade improved expectations of future sales (to 29 from 24) but significantly poorer judgments on current sales (13 to 32); in accumulation are deemed inventories (from 3 to 7).

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