(Finance) – Istat estimates for the month of August 2022 an increase in the climate index of consumer confidence (from 94.8 to 98.3 points), which is on the same level as last June and above the 92.5 points expected by analysts. Instead, the composite climate index of business confidence it decreased from 110.7 to 109.4 points, marking the second consecutive month in decline.
“The trend of the overall index is determined by the evolution of confidence in the manufacturing and services sector, where the index falls for the second consecutive month, and by the negative dynamics of the confidence index in the construction sector – comments ‘National Institute of Statistics – Le views of entrepreneurs are more favorable in the retail sector where the confidence index rises for the fifth consecutive month “.
Looking at the individual series making up the consumer confidence index, Istat notes an increase in all variables except for the opinions on family economic situation and those relating to possibility of saving in the future which remain stable compared to last month. Consistently, the four indicators calculated monthly starting from the same components also show a positive evolution: the current and future economic climate recorded the most marked increases, passing, respectively, from 84.9 to 92.9, from 96.1 to 99. , 7 and 92.9 to 96.4; the personal climate rose to a more contained extent (from 98.1 to 100.2).
With reference to businesses, confidence is worsening inindustry (the index is decreasing both in the manufacturing sector and in the construction sector where it falls, respectively, from 106.4 to 104.3 and from 164.4 to 155.8) and in market services (from 103.9 to 103.3) while it definitely improves in Retail (108.5 to 113.5).
As for the components of the confidence indices, both in the manufacture both in the buildings all components of the index deteriorate. In relation to market services, both the opinions on orders and those on the business trend improved while the expectations on orders worsened. Finally, in the retail trade, the positive dynamics of expectations and, above all, of judgments on sales are associated with an increase in inventories.