继1月份下调3.7%后，2025年2月意大利工业销售额环比下降0.4%。下降的原因是国内订单下降（-1.3%），部分被国外销售增长（+1.2%）所抵消。在主要工业集团中，中间产品（-1.1%）和消费品（-2.7%）的订单下降，而资本货物（+2.5%）和能源（+0.2%）则有所增长。按年计算，工业销售额下降了1.5%，扭转了上一时期1.8%的修正增长。然而，在12月至2月的三个月里，工业销售增长了0.8%。

Industrial sales in Italy fell by 0.4% month-over-month in February 2025, following a downwardly revised 3.7% increase in January. The decline was driven by a drop in domestic orders (-1.3%), partially offset by a rise in foreign sales (+1.2%). Among major industrial groupings, orders fell for intermediate goods (-1.1%) and consumer goods (-2.7%), while capital goods (+2.5%) and energy (+0.2%) recorded gains. On a yearly basis, industrial sales declined by 1.5%, reversing a revised 1.8% growth in the previous period. However, in the three months from December to February, industrial sales rose by 0.8%.

意大利制造业信心指数从前一个月的86.0降至2025年4月的85.7，略高于市场预期的85.4。这是自2020年11月以来的最低读数，因为生产预期下降，而库存评估保持不变。与此同时，对订单的看法有所改善。在建筑行业，尽管对订单的判断保持稳定，但就业预期有所恶化。

The manufacturing confidence index in Italy fell to 85.7 in April 2025 from 86.0 in the previous month, slightly above market expectations of 85.4. This marked the lowest reading since November 2020, as production expectations declined while assessments of inventories remained unchanged. Meanwhile, views on orders improved. In the construction sector, expectations for employment worsened, although judgments on orders remained stable.

意大利消费者信心指数从上个月的95降至2025年4月的92.7，而市场预测为94。这是自2023年10月以来的最低读数，所有潜在组成部分都在下降：经济环境（3月份为89.6对93.2）、个人环境（93.9对95.7）、当前气候（95.4对97.9）和未来气候（89.1对91.1）。

The Italian consumer confidence index dropped to 92.7 in April 2025 from 95 in the previous month, compared to market forecasts of 94. This marked the lowest reading since October 2023, with all underlying components declining: the economic climate (89.6 vs 93.2 in March), the personal climate (93.9 vs 95.7), the current climate (95.4 vs 97.9), and the future climate (89.1 vs 91.1).

富时MIB指数周二早盘上涨逾1%，至37900点以上，连续第五个交易日上涨，交易员在评估企业盈利报告时继续关注关税动态。财政部长斯科特·贝森特周一表示，许多美国主要贸易伙伴为避免美国关税提出了“非常好”的建议。此外，有报道称，美国总统唐纳德·特朗普政府将采取行动，减少其汽车关税的影响。汽车股受此消息提振上涨，Stellantis（4%）和Iveco（2.3%）涨幅显著。银行也是表现最好的银行之一，包括联合信贷银行（1.3%）、联合圣保罗银行（1.4%）、Mediobanca（3.6%）、锡耶纳银行（2.7%）和通用银行（2.2%）。

The FTSE MIB climbed more than 1% to above 37,900 in early trading on Tuesday, extending its winning streak to a fifth consecutive session, as traders continue to watch for tariff developments while assessing corporate earnings reports. Treasury Secretary Scott Bessent said on Monday that many top U.S. trading partners have made "very good" proposals to avert U.S. tariffs. Also, reports indicated that U.S. President Donald Trump's administration will move to reduce the impact of his automotive tariffs. Automotive stocks advanced on the news, with notable gains seen from Stellantis (4%) and Iveco (2.3%). Banks were also among the top performers, including UniCredit (1.3%), Intesa Sanpaolo (1.4%), Mediobanca (3.6%), Banca Monte dei Paschi di Siena (2.7%), and Banca Generali (2.2%).