Itália - Confiança do Empresário

Italy’s manufacturing confidence index decreased to 98.9 in November 2019 from a downwardly revised 99.5 in the previous month and below market expectations of 99.8. Expectations deteriorated for production (5.1 vs 5.4 in October); country’s economic situation (-15.4 vs -8.2) and employment (-1.7 vs 0.9). On the other hand, expected orders level increased (7.0 vs 6.6). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 99.1 from 98.9 in October.

Italy’s manufacturing confidence index increased to 99.6 in October 2019 from an upwardly revised 99.0 in the previous month and above market expectations of 98.5. There was an improvement in orders level (-16.2 vs -17.4 in September) and output outlook (5.3 vs 4.0). Stocks of inventories were also up (5.0 vs 4.1). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 99.0 from 98.6 in September.

Italy’s manufacturing confidence index decreased to 98.8 in September 2019 from a revised 99.6 in the previous month and below market expectations of 100.0. That was the fourth consecutive decline in morale and the lowest reading since October 2014, due to a deterioration in orders level (-17.8 vs -16.7 in August) and output outlook (3.7 vs 4.9). Stocks of inventories were unchanged (at 4.1). The composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, declined to 98.5 from 98.8 in August to register its lowest level since February this year.

Italy’s manufacturing confidence index decreased to 99.7 in August of 2019 from 100.1 in the previous month, the lowest since December of 2014 and slightly below market expectations of 99.8. Expectations deteriorated for all main components: new orders (4.8 from 6.9 in July); production (5.1 from 6.3) and employment (-1.3 from -0.3). Meanwhile, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, fell to 98.9 in August from 101.2 in July, the lowest since February.

Italy’s manufacturing confidence index decreased to 100.1 in July of 2019 from a downwardly revised 100.7 in the previous month and missing market expectations of 100.6. It was the worst reading since January of 2015. There was a deterioration in assessments on order books (-17.7 from -14.0 in June) and inventories decreased (3.1 from 4.1), while expectations on production improved (6.4 from 5.4). Meanwhile, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, rose to 101.2 in July from 99.3 in June.

Italy’s manufacturing confidence index fell to 100.8 in June 2019 from the previous month's four month high of 101.9, missing market expectations of 101.0. There was a deterioration in assessments on order books (-13.4 vs -11.5) and expectations on production (5.1 vs 5.9), while inventories increased (4.1 vs 3.6). Meanwhile, the composite business morale index, combining surveys of the manufacturing, retail, construction and services sectors, dropped to 99.3 in June from 100.2 in May.