Italian business confidence falls in August | Snap

On the business front, confidence unsurprisingly declined again among manufacturers to 97.8 (from 99.1 in July), the lowest level since January 2021. Here, softer orders coupled with a stable inventory component resulted in a decline in the production expectation component. Softer demand in key export destination countries such as Germany and, to a smaller extent, China, is apparently taking its toll, with the domestic component unable to compensate.

Interestingly, the investment goods segment seems less affected, suggesting that some demand linked to the implementation of the Recovery and Resilience Facility might still be in place.

Check Also

Share on facebook

FCI EGM votes for no confidence in leadership of Board of Trustees

At an extraordinary general meeting on Thursday evening members of the Faculty of Clinical Informatics …

Leave a Reply

Your email address will not be published. Required fields are marked *