Wednesday, April 29, 2015

Businesses and consumers less optimistic – TGCOM

– In the US consumer confidence fell this month to 95.2 points, down compared to March, mainly because of the slowdown Labour Market. In April, the Eurozone, the index stood at -4.6 points from -3.7 last month. The ups and downs of the economy, therefore, seems to affect the confidence a bit ‘everywhere.



Businesses and consumers less optimistic, declining confidence

Even the current expectations of Italians are not very rosy. They are not, at least, according to the latest ISTAT. Our country, once a “target” of the rating agencies, has now been “promoted” by Fitch expects that GDP growth, albeit slight (+ 0.6%) – for the Bank of Italy the measures of the ECB will an impact of up to 1.4 percent of GDP in the years 2015-2016 – to confirm the end of the prolonged recession.

Meanwhile, on the front of the shooting, Italian consumers are more cautious. Explains the fact that Istat worse opinions on the economic situation of the country (to -62 from -57) and also the expectations (10 to 22).

It does not change much if there is to comment on the economic status of the families. The balance between positive and negative drops, in this case, to -48 from -45, while the prospects pass from -6 to -10. In general, the composite index of consumer sentiment decreased in April to 108.2 from 110.7 the previous month. And they are decreasing, in fact, all the indices of the components of confidence: the economy, passing from 144.1 to 134.4; that staff, to 98.9 from 99.7; the current one, to 101.3 from 102.2 and 118.6 to 123.6 in the future.

As for the corporate world, the climate varies according to the sector of economic activity. For example improves the index in manufacturing (to 104.1 from 103.7) and in retail trade (to 105.9 from 103.0), while falls to construction companies (to 113.3 from 116.0 ) and market services (to 104.4 from 108.1).

In manufacturing companies improve the assessment on orders (to -10 from -11 balances), but production expectations remain stable (10); constructions worsen both the opinions on orders or construction plans (to -38 from -36) and employment expectations (to -12 from -11), confirming the downward trend that has hit the sector more than other years the crisis.

In the service companies eventually worsen expectations for orders and the general economic (balances respectively 2 to 4 and 8 to 17). Stable, however, the opinions on the level of orders. In retailing improve judgments on current sales (3 -5), while expectations on future sales worsen (26 from 28).

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