AGL 39.01 Decreased By ▼ -0.99 (-2.48%)
AIRLINK 129.00 Decreased By ▼ -0.06 (-0.05%)
BOP 6.72 Decreased By ▼ -0.03 (-0.44%)
CNERGY 4.73 Increased By ▲ 0.24 (5.35%)
DCL 8.49 Decreased By ▼ -0.06 (-0.7%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 81.50 Increased By ▲ 0.54 (0.67%)
FCCL 32.80 Increased By ▲ 0.03 (0.09%)
FFBL 75.00 Increased By ▲ 0.57 (0.77%)
FFL 11.76 Increased By ▲ 0.02 (0.17%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 13.90 Increased By ▲ 0.15 (1.09%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 7.71 Decreased By ▼ -0.01 (-0.13%)
MLCF 38.70 Increased By ▲ 0.10 (0.26%)
NBP 63.90 Increased By ▲ 0.39 (0.61%)
OGDC 193.75 Decreased By ▼ -0.94 (-0.48%)
PAEL 25.64 Decreased By ▼ -0.07 (-0.27%)
PIBTL 7.39 No Change ▼ 0.00 (0%)
PPL 154.89 Decreased By ▼ -0.56 (-0.36%)
PRL 25.58 Decreased By ▼ -0.21 (-0.81%)
PTC 17.32 Decreased By ▼ -0.18 (-1.03%)
SEARL 79.55 Increased By ▲ 0.90 (1.14%)
TELE 7.70 Decreased By ▼ -0.16 (-2.04%)
TOMCL 33.67 Decreased By ▼ -0.06 (-0.18%)
TPLP 8.50 Increased By ▲ 0.10 (1.19%)
TREET 16.10 Decreased By ▼ -0.17 (-1.04%)
TRG 58.55 Increased By ▲ 0.33 (0.57%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.41 Increased By ▲ 0.02 (1.44%)
BR100 10,412 Decreased By -32.7 (-0.31%)
BR30 31,015 Decreased By -174.1 (-0.56%)
KSE100 98,164 Increased By 366 (0.37%)
KSE30 30,629 Increased By 148.4 (0.49%)

Italian business confidence jumped more than expected in December to its highest level in 18 months due to a rise in production expectations and an improvement in orders, but economists said the recovery may slow next year. Economic research institute ISAE said on Tuesday its seasonally adjusted business morale index rose to 82.6 from a revised 79.4 in November.
Last month's figure was raised from an original 78.8. The index comfortably topped all the forecasts in a Reuters survey of 14 analysts, which had pointed on average to a rise to 79.5. The Italian data followed rising business confidence data from Germany and Belgium in recent days, suggesting the euro zone was consolidating its recovery.
"It's a very encouraging figure which confirms the recovery in the industrial sector we have seen in recent months," said Davide Stroppa of Unicredit. He cautioned, however, that Italy's fourth quarter industrial production figures could prove disappointing after a strong rise in the third quarter caused by one-off stimulus.
Italy, the euro zone's third largest economy, clambered out of recession with a 0.6 percent rise in gross domestic product in the third quarter, ending its worst downturn since World War Two. Italy's government forecasts GDP will contract 4.8 percent this year after a 1.0 percent fall in 2008, and grow a modest 0.7 percent in 2010. Inventory levels in Italy's manufacturing sector remained stable, the ISAE survey said, but expectations for future production improved sharply, with the ISAE sub-index rising to 8 from 4 in November. Order levels also improved, with the sub-index rising to -40 from -47 in November. Foreign demand was particularly strong, ISAE said.

Copyright Reuters, 2009

Comments

Comments are closed.