A cyclical increase of 3.1% was recorded, resulting from growth in both markets (+4.7% in the foreign market and +2.1% in the domestic market).
In June, Istat estimates that the turnover of theindustry,net of seasonal factors, recorded a cyclical increase of 3.1%, resulting from growth in both markets (+4.7% abroad and +2.1% domestic). In the second quarter, the overall index showed an increase of 5.2% compared to the previous three months (+5.5% on the domestic market and +4.8% on the foreign market).
With reference to the main groupings of industries,in June the seasonally adjusted turnover indices show cyclical increases for all the main sectors: energy (+6.0%), intermediate goods (+5.0%), consumer goods (+2.6%), capital goods (+0.3%). Adjusted for calendar effects (there were 21 working days as in June 2020), total turnover grew in trend terms by 28.4% (+30.2% on the foreign market and +27.5% on the domestic market).
As regards the calendar-adjusted indices referring to the main groupings of industries, there were marked trend increases for all sectors: +54.3% for energy,+35.4% for intermediate goods, +31.0% for capital goods and +14.1% for consumer goods (+26.4% for non-durable goods and +11.6 for durable goods).
With reference to the manufacturing sector,there were trend increases for all sectors of economic activity, with the exception of the pharmaceutical industry with an almost zero variation (-0.1%).
Istat: consumer and business confidence down in August
According to the latest Istat data, in August the consumer confidence index went from 116.6 to 116.2; business confidence from 115.9 to 114.2.
In August 2021, Istat estimates a decrease in both the consumer confidence index (from 116.6 to 116.2) and the composite business confidence index (from 115.9 to 114.2). The slight decline in consumer confidence is the synthesis of heterogeneous variations between its components. In particular, the personal component fell from 112.2 to 110.8 and the future one from 123.5 to 122.5 while the economic climate increased from 129.6 to 132.4 and the current one remained substantially stable (from 111.9 to 112.0).
Also for companies, a reduction in confidence is estimated in all the sectors surveyed (the index falls in manufacturing from 115.2 to 113.4, in construction from 158.6 to 153.8 and in services from 112.1 to 111.8); the exception is the retail trade where the index is rising (from 111.3 to 113.9).
With reference to the components of the confidence indices, in the manufacturing industry both the judgments on orders and the expectations on production worsen; stocks are judged to be accumulating. As far as construction isconcerned, all components of the index are deteriorating. In relation to market services, judgments on orders and those on business performance signal a clear recovery; expectations on orders are in sharp decline. The overall picture is improving in the retail trade, where all components of the index show positive dynamics. However, at the level of the distribution circuit, confidence is increasing only in large-scale distribution (the confidence index increases from 113.2 to 118.9) while in the traditional distribution the index falls from 104.6 to 102.0.