Fly business confidence: in March at the top from July 2008 – Il Sole 24 Ore

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This article was published March 30, 2015 at 10:31.
The last change is the March 30, 2015 at 10:41.

The overall index on Italian business confidence in March rose to 103 points from 97, 5 points in February, so touching the most from July 2008. The reports Istat. The improvement in confidence in all the main sectors: manufacturing (to 103.7 from 100.5), construction (to 116.0 from 108.5), market services (from 100.4 to 108.1) and retail trade (to 103.0 from 101.0) In manufacturing companies improve both the opinions on orders (from -17 to -11) and production expectations (10 to 8); the balance of the opinions on inventories increases to 3 to 4. In construction improves both the opinions on orders and / or construction plans, either – albeit slightly – employment expectations (from -45 to -36 and -11 to -12 balances). In service companies improve judgments and expectations for orders (from -1 to 2 and 4 to -1, the respective balances) and expectations on economic in general (17 2). In the retail worse judgments on current sales (-5 1), while improving the expectations on future sales (28 to 19); drawdown in inventories are judged (7 to 10).

The index of confidence also rises in all major groups of industries: consumer goods from 98 to 100.3, 8, in intermediate goods to 99.6 from 95.3 and in capital goods to 111.8 from 107.2. Even the opinions on orders improved: in consumer goods the balance rose to -10 from -13, in intermediate goods to -17 from -24 and in capital goods from -14 to -7. The balance of opinions on stocks of finished goods passes to 4 from 5 in consumer goods, from 2 to 3 in the intermediate and 2 from 5 in the capital goods. The production expectations improved in the intermediate goods and capital goods (respectively from 5 to 10 and 15 to 11), while remaining stable at 6 in consumer goods.

In growth also consumer confidence index which leads to the highest level in almost 13 years (May 2002). Improve judgments on the economic situation of the country and the expectations on unemployment with growth particularly in the share of those expecting a slight decrease of the latter (increased to 36.6% from 32.6%). Are “slight increase” even future expectations on the economy.

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