Confidence drops in January, for companies it is at a 9-month low

Pnrr, Petrini:

(ANSA) – ROME, JANUARY 28 – In January 2022 it is estimated a decrease in both the consumer confidence climate index (from 117.7 to 114.2) and the composite index of business confidence climate (from 112 , 7 to 105.4). Istat notes this, underlining, in particular, that the business confidence index “undergoes a marked downsizing, falling to the lowest value in the last nine months”. Istat explains that “the intensity of the decrease is determined by the sudden decline in confidence in the market services sector, where the transport and warehousing sector and that of tourist services record strong falls” while the “only positive signs come from trade retail, with assessments on sales slightly improving, and the construction sector “. Precisely in the construction department, “employment expectations are significantly increasing”, underlines the Institute of Statistics. The consumer confidence index recorded a decline, “albeit more contained” compared to the production sector, mainly due to “the worsening of expectations on the economic situation in Italy and on the trend in unemployment”. (HANDLE).

Source From: Ansa

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