The decrease is contained in industry and retail trade. While in services it fell from 109.6 to 94.9 points
There Italian recovery suffers a backlash in the first month of the year: the business confidence And consumers loses 7.3 points and 3.5 points respectively. According to the data Istat in January the composite index of businesses, the lowest in the last nine months, falls from 112.7 to 105.4, while that of consumers passes from 117.7 to 114.2.
“The intensity of the decrease, explains theIstat, is determined by the sudden decline in confidence in the market services sector, where the transport And warehousing and that of tourist services recorded heavy falls. Unique positive signs come from Retail, with assessments on sales slightly improving, and by the constructioni in which employment expectations rise significantly “
“The confidence index, underlines theIstat, is in decrease in all sectors albeit with different intensities. The decrease is contained inindustry, particularly in the manufacturing the confidence index went from 115.0 to 113.9 and in construction it dropped from 159.1 to 158.8, as well as for Retail where the index declined from 107.4 to 106.6. Instead, in the sector of market services the index recorded a sharp fall, passing from 109.6 to 94.9 “.
As for the components of the confidence indices, in the manufacturing and services all variables worsen; in buildings Assessments on orders deteriorated but expectations on employment at the company increased. With reference to Retail, the opinions on current sales while expectations on future sales decrease and inventories are judged to be accumulating. At the level of the distribution circuit, confidence is decreasing in large-scale distribution while it improves in the traditional one.
While all components of the consumer confidence index are down, especially those referring to economic climate (the index went from 139.6 to 129.7) et al future climate (120.8 to 113.5). The decline is contained for the personal component (from 110.4 to 109.0) and for the current one (from 115.6 to 114.7). “The consumer confidence index – comments Istat – shows a decline, albeit more contained than the production sector, mainly due to the worsening of expectations on the economic situation in Italy and on the trend of unemployment“.
Istat, Codacons: “The increases are causing consumer confidence to collapse”
“A debacle on all fronts. “Thus the Codacons he comments on the data on consumer and business confidence released today by Istat. “Confidence and expectations of families and businesses fell in January, with the various components showing negative values - said the president Carlo Rienzi – A figure that is affected by the current economic situation: the increases in electricity and gas bills triggered in January and the increases in retail prices in all sectors have destroyed the index of consumer and business confidence “.
“A decline that risks having serious repercussions for the Italian economy – he warns Rienzi – Less confidence is in fact equivalent to a lower propensity to spend on the part of families, who will be led to postpone purchases with negative effects on consumption in the medium term “.” An emergency – he concludes – that the Government can no longer ignore and which must lead to to effective measures to safeguard citizens’ spending and purchasing power “.
Istat, Confesercenti: “With the fourth wave the hands of recovery begin to lag behind”
“The difficulties triggered by the fourth wave are starting to erode the confidence of economic activities. And in January, as was to be expected, the Istat confidence climate index marks a sharp slowdown, in particular for tourism companies, confirming the current crisis “, he comments in a note Confesercenti.
“The flare-up of the pandemic – underlines theConfesercenti Economic Office – it also affects families: the consumer index recorded a decline of 3.5 points, due to the worsening of opinions and expectations on the country’s economic situation and on unemployment. But the most significant decline is marked by the business index, which recorded a decline of more than 7 points due to the tensions on energy prices but also, and above all, to the negative performance of the set of companies active in market services, which suffer from worst fall (-15 points) “.
“A deterioration in the climate in turn driven by the tourism crisis which signals, indeed confirms, the darkest expectations, with a 24-point drop in the climate of trust: the most significant recorded from May 2021 to today. Also in the trade as a whole there is a decrease of almost one point, even if the traditional trade – thanks to the balances – is distinguished by a slight positive variation “.
Istat, Confcommercio: “Confidence down due to pandemic and inflation”
“As it was logical to expect, the intersection between the new constraints to sociality and production with the return of inflation, has generated a widespread reduction in trust, both among families and entrepreneurs. A ‘shock’ at the beginning of 2022 that it should not be overestimated but it must not be completely neglected “, stated the Research Department of Confcommercio commenting on the data on consumer and business confidence released by Istat.
Second Confcommercio, “the impulses on energy costs are spreading to other supply chains and are beginning to be read in the dynamics of consumer prices, leading, at least in the short term, to an erosion of the purchasing power of the large liquid assets not protected from inflation . This could compress the dynamics of consumption, weakening the recovery “.
“Growth – continues the note – also clearly emerges from the business side, albeit with different intensities. If in the retail trade some benefit derives from the substitution of out-of-home consumption with purchases for domestic food, at market services The distress of businesses is seriously worsening, particularly in transport and in the tourism sector.Studies Office – re-proposes the theme of a heterogeneous recovery, with large sectors of the service sector still in full economic pandemic, a condition of fragility that reverberates on the overall stability of the production system “.
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