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Economy in Brief

Italy's Biz Confidence Continues to Sink
by Robert Brusca April 28, 2008

Italy’s Business confidence index is in the bottom 30 percent of its range since 1999. Orders are in about the bottom 25th percentile of their range. Orders for consumer goods are in the bottom 15 percentile of their range. Investment goods continue to be the strongest of the sectors and consumer goods in the weakest sector. The last period in which the business index fell more sharply was in 2001. The index was last lower in early 2005. Production is extremely weak for consumer goods and weak for investment goods. Investment goods production is in the 40th percent of range while consumer goods are in the 11th percentile of their range.

Italy ISAE Business Sentiment
          Since January 1999
  Apr-08 Mar-08 Feb-08 Jan-08 Percentile Rank
Biz Confidence 86.9 88.8 89.5 91.1 30.4 84
TOTAL INDUSTRY
Order books & Demand
Total -19 -16 -13 -8 23.8 78
Domestic -20 -16 -16 -15 26.2 78
Foreign -20 -17 -17 -11 29.5 62
Inventories 5 3 5 5 66.7 51
Production -14 -11 -13 -12 26.5 81
INTERMEDIATE
Order books & Demand
Total -18 -17 -14 -13 32.7 70
Domestic -19 -16 -14 -17 34.0 68
Foreign -17 -19 -21 -13 40.7 60
Inventories 6 4 4 3 72.4 15
Production -13 -13 -13 -14 31.0 62
INVESTMENT GOODS
Order books & Demand
Total -13 1 -4 1 38.4 59
Domestic -18 -6 -8 -5 36.8 64
Foreign -14 0 -8 -1 33.9 60
Inventories 6 0 6 4 62.2 34
Production -4 3 -4 -1 40.9 45
CONSUMER GOODS
Order books & Demand
Total -23 -22 -23 -18 13.6 92
Domestic -23 -23 -24 -21 13.9 88
Foreign -26 -20 -18 -24 19.1 89
Inventories 3 3 6 6 53.8 66
Production -21 -18 -20 -17 11.1 96
Total number of months: 118
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