MILAN, Aug 28 (Class Editori) – In August, there is an increase both in the climate of consumer confidence and in the composite indicator of business confidence in Italy. In detail, after the slight deterioration recorded last month, the index of consumer confidence is improving from 100.1 up to 100.8. In addition, ISTAT has explained that the growth will be driven by the considerable improvement of expectations on the economic and the unemployment situations of the country.
Among the components of consumer confidence, the economic environment has recorded the most pronounced increase from 85.9 to 90.1. Moreover, the current and future seasons are improving, by respectively increasing from 97.3 to 98.1 and from 104.3 to 105.3. Only the personal component is slight decreasing (from 105.2 to 104.9).
The climate of consumer confidence instead, has increased for the third consecutive month, rising from 77 to 80.8. This increase, present in all the sectors, is more significant in the service industry, while it is more contained in the factory sector. Although all the sectors are recovering, as ISTAT has pointed out, the indicators of business confidence are still distant from the levels recorded before the health emergency, in particular in market services.
In detail, in the industry, the manufacturing sector confidence indicator has increased from 85.3 to 86.1 and in buildings, it has increased from 129.7 to 132.6. As for the service industry department, a more pronounced positive trend has been highlited: in market services the indicator rise up to 74.7, compared to 66 and in the retail trade from 86.7 to 94.
With regard to confidence indicator components, in the manufacturing industry, the opinions on orders are improving, while the production expectations are decreasing. The reserves of finished products are slightly accumulating compared to July. As for buildings, the increase of indicator has been driven by a significant improvement of the expectations on the employment in the company, while the opinion on orders is worsening.
In the market services are improving both the opinions on orders and those on business performance. In retail trade, all the indicator components are improving. In terms of distribution chain, the confidence has significantly increased in the large distribution, while in the traditional distribution there is a more contained increase.
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