Manufacturing Sector - January 2013

In January 2013, manufacturing confidence in the Milan area rose for the third consecutive month.

In detail

The confidence climate index moved from 93.4 in December to 94.5 in January. The increase of the indicator was due to an improvement in production expectations that were positive for the third consecutive month. In countertrend, stocks were in accumulation, whilst the contribution of domestic and foreign demand was neutral.

In terms of assessments, industrial production was picking up for the second consecutive month, backing on the value of October 2012. Foreign turnover reached its highest level since May 2008. Also domestic turnover increased, while maintaining negative balance. Employment collapsed, backing on a negative balance.

With reference to forecasts for the next 3-4 months, foreign orders expectations marked the peak since March 2011, showing a wide positive balance. Also national orders expectations rose, but staying negative.

Finally, opinions about the Italian economic situation improved, reaching their highest value since March 2012.

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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