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Istat: September consumer confidence at its highest for 23 years

2021-09-25T05:34:11.307Z

In September 2021, an increase in the consumer confidence climate index is estimated (from 116.2 to 119.6) while the composite index of business confidence is estimated to decrease slightly (from 114.0 to 113, 8) (ANSA)



In September 2021, an increase in the consumer confidence climate index is estimated (from 116.2 to 119.6) while the composite index of business confidence is estimated to decrease slightly (from 114.0 to 113, 8).

The consumer confidence index has been at the top since January 1998, the beginning of the historical series.

The decisive increase in the consumer confidence index - underlines Istat - "reflects widespread optimism above all on the general economic situation and on the current one. In particular, the economic climate and the current one recorded the most marked increases (respectively, from 132 , 4 to 143.6 and from 112.0 to 116.1); the personal climate and the future show more contained increases (the first from 110.8 to 111.5 and the second from 122.5 to 124.7) ".

For businesses, a slight reduction in confidence in the manufacturing industry and a larger decline in retail trade is estimated (the index falls, respectively, from 113.2 to 113.0 and from 113.6 to 106.8); the index, on the other hand, is increasing in construction (from 153.8 to 155.5) and in the market services sector (from 111.8 to 112.3). historically high. With reference to the components of the confidence indices, a moderate worsening of assessments on orders and expectations on production can be observed in the manufacturing industry; stocks are deemed to be in decumulation. As far as construction is concerned, all components of the index are improving. In the retail sector there is a deterioration in the overall picture:all components of the index recorded a negative trend. However, at the level of the distribution circuit, confidence is worsening only in large-scale distribution (the index falls from 118.5 to 109.3) while in traditional distribution the index increases from 101.9 to 102.3.

Source: ansa

All life articles on 2021-09-25

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