Survey on Inflation and Growth Expectations - 2017 Q3Statistics

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The survey conducted in September 2017 on a sample of Italian firms with 50 or more employees suggests a continuing and widespread improvement in the assessments of the current general economic situation and in expectations for the next three months, confirming the signals of firms’ optimism about the outlook for demand.

Consumer price inflation expectations remain moderate across all time horizons, as do the past and expected trends in firms’ own prices. The expected growth of firms’ list prices is likely to be boosted by the increase in raw material prices, and to a lesser extent by labour costs and intermediate inputs; demand-side pressure is expected to be negligible, despite a consolidated improvement in firms’ assessments.

Firms’ investment plans for the current year continue to grow in all the main sectors, reflecting the overall favourable opinions of firms on investment conditions. Expectations of an increase in employment are confirmed in industry excluding construction and to a lesser extent in the services sector; in construction the negative outlook is mitigated.

Survey on Inflation and Growth Expectations - 2017 Q3

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