Manufacturing Sector - April 2013
Business Survey of the Manufacturing Sector in the Milan Area.
In April 2013, manufacturing confidence in the Milan area grew for the second consecutive month, back to the level of June 2011.
In detail
The confidence climate index moved from 96.2 in March to 97.4 in April. The increase of the indicator was linked both to foreign and domestic demand (the first balance went back to the level of April 2008, while the second remained negative) and to the contribution of stocks that continued their decrease, standing under the level considered normal. In the end, production expectation were in line with the previous month.
In terms of assessments, industrial production rose, showing again apositive balance. Domestic turnover was the same as March, while the foreign one climbed up on the level of the beginning of the year. Employment was substantially steady on the positive value of the previous month.
With reference to forecasts for the next 3-4 months, domestic and foreign orders expectations dropped.
Finally, opinions about the Italian economic situation continued to be extremely negative, though recording an improvement compared with March.
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
Reference period | Index (2005=100) |
January-13 | 93,8 |
February-13 | 93,6 |
March-13 | 96,2 |
April-13 | 97,4 |
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
Reference period | Assessment seasonally adj. data |
Assessment raw data |
Expectation seasonally adj. data |
Expectation |
January-13 | -5 |
11 |
4 |
18 |
February-13 | -8 |
0 |
5 |
14 |
March-13 | -2 |
11 |
1 |
6 |
April-13 | 2 |
-3 |
0 |
7 |
Table 3 - Domestic orders
Reference period | Assessment seasonally adj. data |
Assessment raw data |
Expectation seasonally adj. data |
Expectation |
January-13 |
-17 |
5 |
-2 |
10 |
February-13 |
-20 |
-15 |
-3 |
4 |
March-13 |
-15 |
-11 |
-2 |
0 |
April-13 |
-11 |
-9 |
-7 |
-3 |
Table 4 - Foreign orders
Reference period | Assessment seasonally adj. data |
Assessment raw data |
Expectation seasonally adj. data |
Expectation |
January-13 |
-5 |
8 |
3 |
5 |
February-13 |
-14 |
-4 |
0 |
4 |
March-13 |
7 |
10 |
-6 |
-3 |
April-13 |
10 |
7 |
-3 |
-5 |
Table 5 - Domestic turnover
Reference period | Assessment seasonally adj. data |
Assessment raw data |
January-13 |
-5 |
5 |
February-13 |
-26 |
-11 |
March-13 |
-4 |
-2 |
April-13 |
-4 |
-8 |
Table 6 - Foreign turnover
Reference period | Assessment seasonally adj. data |
Assessment raw data |
January-13 |
11 |
18 |
February-13 |
-17 |
-3 |
March-13 |
7 |
14 |
April-13 |
10 |
2 |
Table 7 - Other balances
Reference period | Inventories seasonally adj. data |
Inventories raw data |
Employment seasonally adj. data |
Employment raw data |
Expectations on economic situation seasonally adj. data |
Expectations on economic situation raw data |
January-13 |
1 |
0 |
-3 |
-9 |
-27 |
-27 |
February-13 |
-4 |
-1 |
-2 |
0 |
-39 |
-39 |
March-13 |
-5 |
-1 |
3 |
5 |
-40 |
-41 |
April-13 |
-6 |
-6 |
2 |
3 |
-33 |
-33 |
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