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Press release

Business confidence

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In September 2014 the composite business confidence climate index (IESI, Istat Economic Sentiment Indicator) decreased to 86.6 from 88.1 in August.

The confidence index in manufacturing fell to 95.1 from 95.4. Production expectations improved (from 1 to 2) but assessments on order books worsened (from -25 to -27); inventories remained stable (to 3).

The confidence index in construction fell to 75.4 from 76.7. Assessments on order books and construction plans remained stable (to -48) and employment expectations worsened (from -22 to -23).

The market services confidence index fell to 84.9 from 87.4. The index decreased in Transportation and storage (from 111.4 to 82.8), in Tourism services (from 68.7 to 68.2) and in Business services and other services (from 88.0 to 84.8) while it increased in Information and communication (from  74.6 to 93.4).

The retail trade confidence index fell to 92.5 from 97.7. The confidence decreased in the large-scale distribution (from 96.5 to 90.5) and in small and medium scale distribution (from 99.3 to 94.8).

Reference period: September 2014

Date of Issue: 26 September 2014

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