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Istat: confidence is falling, for companies that have been minimum for over a year

2022-09-28T08:24:01.910Z


In September, a sharp decline is estimated in both the consumer confidence climate index (from 98.3 to 94.8) and the composite business confidence climate index (from 109.2 to 105.2). (HANDLE)


 In September, a sharp drop is estimated in both

the

consumer

confidence

climate index (from 98.3 to 94.8) and the composite business confidence climate index (from 109.2 to 105.2).

Istat

notes this,

explaining that the business confidence index decreases for the third consecutive month, reaching the lowest value since April 2021. For consumers, a worsening of all variables is estimated with the exception of the judgments on the family economic situation and views on savings.

For businesses, confidence worsened in all sectors except for construction, where it rose from 155.8 to 159.5. 

For consumers, the index on the economic climate goes from 92.9 to 81.3 while the future one goes from 96.4 to 91.8 with the most marked drops;

the personal and current climate decreased moderately, passing from 100.2 to 99.3 and from 99.7 to 96.9 respectively.

The consumer confidence index after the rebound in August is at the level recorded in July.

For companies in the manufacturing sector, the index falls from 104.0 to 101.3 while in the retail trade it falls from 113.4 to 110.6.

In

market services

the decrease is more marked with the index falling from 103.0 to 95.9.

The overall business confidence index in September fell for the third consecutive month and stood at 105.2, the lowest value since April 2021. The trend of the overall index is determined by the negative evolution of confidence in manufacturing, in services (in both sectors the index is down for the third consecutive month and reaches a minimum since February 2021 and January 2022 respectively) and in retail.

As for the components of the confidence indices, in construction all the variables are improving.

On the other hand, in manufacturing both assessments on orders and expectations on the level of production worsened;

stocks are judged to have decreased slightly.

Source: ansa

All life articles on 2022-09-28

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