Italy's consumer & business confidence up in March 2023: Istat

The confidence climate in manufacturing ameliorated from 103.0 to 104.2. Particularly, the expectations on production and the assessments on order books went up. The related balances passed from 5.7 to 8.6 and from minus 7.8 to minus 7.5, respectively. Inventories decreased, with the balance of the variable passing from 4.1 to 3.9, as per Istat.

The retail trade confidence index confirmed its upward path passing from 114.7 to 116. Compared to the previous survey, the assessments on current business trend held virtually steady, while the expectations on the future volume of sales further improved. The related balances varied from 35.3 to 35.2 and from 23 to 26.1, respectively. Lastly, inventories were considered to have declined, with the related balance slackening from 6.3 to 5.3.

ALCHEMPro News Desk (DP)