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Insights
- Italy’s consumer confidence index rose from 104 to 105.1 in March 2023 due to improvements in the economic climate, current, and personal indicators.
- The IESI index for business confidence also increased from 109.2 to 110.2.
- The manufacturing and retail trade sectors saw improvements in their assessments on order books, production, and future sales volume.
Italy’s consumer confidence index rose from 104.0 to 105.1 in March 2023 due to improvements in various indicators, including the economic climate, current, and personal indicators, according to the Italian National Institute of Statistics (Istat). The future climate indicator remained essentially steady, from 113.4 to 113.5. The Istat Economic Sentiment Indicator (IESI) index, which measures business confidence, also increased from 109.2 to 110.2.
The confidence climate in manufacturing ameliorated from 103.0 to 104.2. Particularly, the expectations on production and the assessments on order books went up. The related balances passed from 5.7 to 8.6 and from minus 7.8 to minus 7.5, respectively. Inventories decreased, with the balance of the variable passing from 4.1 to 3.9, as per Istat.
Italy’s consumer confidence index rose from 104 to 105.1 in March 2023 due to improvements in the economic climate, current, and personal indicators.
The IESI index for business confidence also increased from 109.2 to 110.2.
The manufacturing and retail trade sectors saw improvements in their assessments on order books, production, and future sales volume.
The retail trade confidence index confirmed its upward path passing from 114.7 to 116. Compared to the previous survey, the assessments on current business trend held virtually steady, while the expectations on the future volume of sales further improved. The related balances varied from 35.3 to 35.2 and from 23 to 26.1, respectively. Lastly, inventories were considered to have declined, with the related balance slackening from 6.3 to 5.3.
Fibre2Fashion News Desk (DP)
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