Italie Confiance Des Entreprises

The manufacturing confidence index in Italy fell by 0.7 points to 85.8 in December of 2024, equaling the near four-year low touched in October and slightly below market expectations of 86. The drop took place amid a faster decline in current new orders (-22.5 vs -21.9 in November), driving production to tank faster (-19.3 vs -18.7) as stocks of finished goods rose to a one-year high (4.4 vs 2.1). The lower demand drove firms to grew more pessimistic about future business, with expectations of new orders slowing (0.4 vs 0.8), although expectations of production fell slower (-0.8 vs -1.4). Also, expectations on the overall economic backdrop fell to a 13-month low (-17.3 vs -13.1).