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- Italy's consumer confidence index fell slightly in January
Italy's consumer confidence index fell slightly in January
According to the report from Istat, in January 2021, the consumer confidence slackened from 101.1 to 100.7. With regard to its components, the economic climate remained virtually stable, sliping from 83.5 to 83.4, the personal climate and the future one shrunk from 107.0 to 106.5 and from 105.3 to 103.2 respectively, while the current one bettered, passing from 98.3 to 99.0. As for the business confidence climate, the index (IESI, Istat Economic Sentiment Indicator) confirmed its positive trend, bettering from 87.7 to 87.9.
The confidence index in manufacturing declined from 96.0 to 95.1. The confidence index in construction showed improvement, passing from 136.0 to 138.0. The market services confidence index increased from 78.4 to 82.0. The retail trade confidence index lessened from 88.2 to 87.9. In details, the opinions on the current business activity gave less favourable indications, while the expectations on the future sales bettered (the related balances passed from -14.6 to -19.3 and from -0.9 to 6.6, respectively). Finally, the level of inventories increased (the related balance heightened from 13.8 to17.4).
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