Mercoledì 28 Dicembre 2016 - 17:15

Istat, consumer confidence index grew by 3 points in December

The institute said that 'the confidence climate index grew in December 2016 from 108.1 to 111.1'

Istat, consumer confidence index grew by 3 points in December

The Italian National Institute of Statistics (Istat) revealed on Wednesday the latest data on consumer and business confidence in Italy, referred to the month of December. In a statement, Istat said that "with regard to the consumer survey, the confidence climate index grew in December 2016 from 108.1 to 111.1", adding that "all components increased: economic, personal, current and future (from 127.6 to 133.8, from 101.3 to 102.7, from 103.7 to 106.2 and from 113.8 to 116.2, respectively)". "The balance concerning expectations on unemployment lowered from 28 to 20. The balance on inflation perceptions referring to the last 12 months and on inflation expectations for next 12 months decreased from -34 to -36 and from -28 to -34 respectively", Istat added.

"With reference to the business surveys, the composite business confidence climate index (IESI, Istat Economic Sentiment Indicator) decreased from 101.4 to 100.3", the statement then highlighted. "The confidence index in manufacturing increased from 102.2 to 103.5", it also said, adding that "assessments on order books and production expectations improved (from -14 to -12 and from 10 to 12 respectively)". "The balance on inventories remain stable at 5. The confidence index in construction decreased from 124.2 to 120.4. Both assessments on order books/construction plans and employment expectations worsened (balances from -25 to -28 and from -11 to 13 , respectively)", Istat also pointed out.

"The market services confidence index decreased from 105.0 to 102.5", the statement then said. "Assessments and expectations on order books worsened (balances from 6 to 0 and from 5 to 0, respectively) while expectations on general economic situation improved (balance from 3 to 7)", it added. "The retail trade confidence index increased from 106.5 to 107.4. Assessments on current sales improved (the balance from 7 to 13) while expectations on future sales worsened (from 29 to 25). The balance concerning volume of stocks decreased", Istat also said. "The index decreased in the large scale distribution (from 108.9 a 107.0 ) and increased in small and medium scale distribution (from 100.3 a 109.2)", the statement finally highlighted.
 

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