Confidence in the Retail Trade

In February 2011, the seasonally adjusted confidence indicator increased from 99.8 to 101.0. Both assessments on present business situation and volume of stocks remained unchanged while expectations on the expected business activity improved. The seasonally adjusted balances of the component series remained stable at -14 and at 8 with regard to the former variables and increased from 8 to 12 with regard to the latter one.

Confidence was mostly stable in small and medium scale distribution (the indicator being equal to 104.8 with respect to 105.0 of the previous month) and fell from 100.3 to 99.4 in large scale distribution.