Businesses and consumers are put Brexit behind: back confidence in July – The Republic

MILAN – Companies and Italian consumers try to leave behind the uncertainties related to Brexit and economic slowdown, showing an unexpected recovery of confidence in the month of July. The indices calculated by ISTAT relate to investigations conducted in the first twelve days of the month, then discount the outcome of the British referendum in late June, but not yet the new wave of terror that has been unleashed after Nice with the massacre of 14 July.

the climate Istat index of consumer confidence shows the first increase after three consecutive declines and passes to 111.3 points from 110.2 in June. The composite index of the climate of business confidence grows meanwhile to 103.3 from 101.2, with all sectors improving starting from buildings. As shown in the morning, issued by Intesa Sanpaolo, one might have to wait a decline in July, the fourth consecutive, which would bring the minimum for about a year.

Consumers. The actual numbers were rather more rosy. If you look to the side of the families, there is a discrepancy between the expectations regarding the personal performance and that of the country. Istat said: “The estimates refer to staff members, current and future of consumer confidence increased (respectively, to 105.0 from 103.0, 109.1 to 108.2 and 114.9 to 112, 9), while the economic component showed a decrease (to 130.1 from 131.7) “. This last fact sums up the opinions and expectations on the economic situation and unemployment expectations.

For the third consecutive month, consumers see black on the country’s economic situation (the balance of guest passes to -54 from -49 and the expectations). “The judgments on the price trend during the past 12 months and expectations for the next 12 months showed a decline (to -31 from -26 and -30 to -20). The expectations on unemployment improved slightly (to 30 from 32, the balance). “

companies. In production environments, however, “the climate of confidence rises in all sectors: most markedly in construction mode (to 126.2 from 121.6) and market services (to 108.6 from 105, 1), milder in manufacturing (to 103.1 from 102.9), and in retail. ” In manufacturing improve “marginally expectations on production (10 to 9). In construction, improve the assessment on orders and / or construction plans (to -24 from -30), while employment expectations remain stable (-9) “. In services, finally, progress “all components of the climate: grow the balances of the judgments and expectations on the level of orders (from 4 to 7 and 9 to 7, respectively.) The expectations on the economic trend improve (the balance moved from 3 to 8). in the retail sector improve the opinions on current sales (from 0 to 6) but worsen the expectations on future sales (21 to 22); the balance on inventories passes to 16 17 ” .

Topics:

trust companies

consumer confidence

istat

brexit

terrorism

economic recovery

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