In February, for the second consecutive month, the RTT index put by Confindustria indicates a moderate decline in turnover at constant prices of Italian companies, equal to -0.2%, after -0.5% in January. The February decline was due to construction and partly to industry, in the face of an increase in the services sector (+1.0%). The RTT records moderate declines both for the North-West (-0.4% in February) and for the North-East (-0.1%), a stronger decline in the Center (-2.0%), while in the South it indicates a moderate increase (+0.5%). In the expectations of industrialists, the dynamics of production is stable: 47.5% of the sample of large industrial companies associated with Confindustria believe that production will remain stable in March. If we look at the quarterly dynamics, companies have become more optimistic: in the 1st quarter of 2024, in fact, compared to the 4th of 2023, the share of companies expecting a contraction in production fell by 22.7 points, while it increased by 11. 1 point is the percentage of companies that see an improvement. According to the large companies of Confindustria, the dynamics of demand and orders will continue to be the main factor driving production. And expectations on production costs are improving: the balance between the share of companies reporting a reduction and those reporting an increase rises to -0.8%, from -8.5% in February.
The Rtt (Real time turnover) index is an indicator of the Italian economy developed by the Confindustria CSC, based on company electronic invoicing data.
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