Manufacturing Sector - November 2013

In November 2013, manufacturing confidence in the Milan area increased slightly and was very close to the peak of August 2013.

In detail

The confidence climate index moved to 99.8 in November from 99.0 in October. The increase of the index was due to the improvement of production expectation which reached the highest level since May 2011, and to the domestic demand that came back to the level of August 2013. On the contrary, foreign demand and stocks were stable: in particular, the latter remained just above the level considered normal.

In terms of assessments, industrial production went up to the level of July 2013. Domestic and foreign turnover improved: both values reached the peak of June 2013. Employment slight improved, recovering a part of the drop of October.

With reference to forecasts for the next 3-4 months, orders expectations marked the highest value since May 2011, whilst foreign demand slid to the level of August 2013, but it remained positive. Finally, opinions about the Italian economic rose, coming back on the level of .the summer months although they remained negative.

1. Graphs

Graph 1 - Confidence climate

Graph 2 - Production assessment

Graph 3 - Assessment on domestic orders

Graph 4 - Assessment on foreign orders

Graph 5 - Inventories

Graph 6 - Production expectation

2. Data

Table 1 - Confidence climate¹

1 The industrial confidence indicator is the arithmetic average of the seasonally adjusted data on production expectations, order books and stocks of finished products (with inverted sign). The index base is 2005=100.

 Table 2 - Production

Table 3 - Domestic orders

Table 4 - Foreign orders

Table 5 - Domestic turnover

Table 6 - Foreign turnover

Table 7 - Other balances

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