Businesses, downturn for the entire economy. The turnover data for March are worrying, especially in industry
There is no good news for the Italian companiesthe bulletin published by Confindustria on March data it is not comforting. You register one strong bending widespread across all sectors. The turnover fell by 4.4%but the most significant decline occurred in industry. This is what emerges from the RTT, the Real Time Turnover Index, the index developed by the Confindustria Study Center and released yesterday (built on the basis of data on the seasonally adjusted and deflated turnover of sample of businesses TeamSystem customers), a negative figure which – reports Il Sole 24 Ore – follows -0.8% in February. If you look at the whole first one quarter of the year the indication emerges, based on this index, that the first quarter of 2024 is in decline for the total economy.
In particular – continues Il Sole – in servicesafter several months of increase, there was a decline in -3,2%; in industry the decline it even reaches -5.6%after the slight minus sign in February, a new decline which, together with the drop in Istat inventories, suggests a reduction in production. In construction, however, the RTT in March shows a easing decline, -2.0%, after the very marked ones in the first two months of 2024, all linked to the expiry of the incentives. The survey also analyzes i territory and company size. The index shows a very strong decline for the North-West (-8.7% in March), the decline was less severe for the North-East (-3.0%). The decline is also strong in the Center (-3.9%), and the drop is also significant in the South (-1.6%).