The confidence index of businesses and consumers collapses

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Istat data

Istat indicator at historic low. The services, trade and construction sectors are more pessimistic, with a less marked drop in manufacturing.

by E.Sg.

Istat: the confidence index of businesses and consumers collapses

Istat indicator at historic low. The services, trade and construction sectors are more pessimistic, with a less marked drop in manufacturing.

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The Covid-19 crisis plunged confidence in the future to an all-time low. Unfortunately, yet another confirmation of the negative climate that reigns among businesses and consumers comes from Istat, which has resumed the publication of periodic indicators after the suspension in April.
The composite index of business confidence fell to 51.1; it does not go better at the consumer confidence index at 94.3). They are the lowest levels since the surveys began.

With reference to companies, ¬ęthe estimates of the indexes highlight one fall of trustcompared to March 2020, in the sector ofservicesmarket(the index goes from 75.7 to 38.8), retail trade (from 95.6 to 67.8) and construction (from 139.0 to 108.4). In manufacturing – said a note from the national institute of statistics – the confidence index recorded a relatively more limited decline, going from 87.2 to 71.2, while remaining at historically low levels “.

nell ‘ manufacturing industry Compared to March 2020, assessments on orders worsened while inventories of finished products are judgedin accumulation; production expectations undergo a further decrease.

For the buildings, the decline in the index is caused by a sharp deterioration in the opinions on orders; the drop in employment expectations at the company is relatively more contained.

in market services, the drop in the index compared to March 2020 is determined by judgments, both on orders and on the general trend of the company, which is worsening; on the other hand, there was an improvement in expectations on orders, which however remain at historically low levels.



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