Consumer and business confidence
started rising again in November, ISTAT said Friday.
After hitting a low in May 2013, consumer confidence rose again
in November (from 90.1 to 98.1), the stats agency said in its
estimates.
Business confidence, which had been falling for four months,
also inverted the curve and rose from 104.7 to 106.4.
Business confidence "is driven by expectations on production in
manufacturing, orders in market services and expectations on
retail sales on retail sales", ISTAT said.
Consumers look positively "to opinions on the economic situation
of the country followed by expectations about the household
economic situation and opinions on savings (future
possibilities) on the upswing". "All component series of the
consumer confidence index are in improving". Istat notes.
In particular, the economic climate and future climate show the
most pronounced changes (respectively from 77.6 to 95.2 and from
88.8 to 102.8); the personal and current climate increase the
least (from 94.3 to 99.0 and from 91.0 to 94.9). With reference
to companies, the climate of confidence improves in all sectors
(in the manufacturing sector the index rose from 100.7 to 102.5
102.5, in services from 96.0 to 98.8 and in retail trade from
109.0 to 112.2 from 109.0 to 112.2) with the exception of
construction where the index decreased from 157.5 to 151.9.
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