Credit and Caución improves his sectorial forecasts in the zone euro

Credit and Caución has improved of significant form the forecasts for the markets of the zone euro in the Picture 500, that includes near of half thousand of perspectives detailed of behaviour by sectors in 34 markets. The changes concentrate in Italy, Low Countries, Ireland and Spain, four economies of the zone euro that have decrecido in 2013 but that, in accordance with the last forecasts, could change of sign in 2014, although with levels still very low of growth.

Italy registers the most intense improvement, with advances in seven sectors thank you especially to the modest recovery that expects in the consumption. Three sectors abandon the most unstable zone of the scale. It treats of Agriculture, still under pressesure by the possible changes in the common agricultural politics; Automotive sector, where expects a growth of the sales in 2014; and Services, where foresees an improvement especially in the segment Horeca. The planned evolution of the consumption also explains that the analysts of the Company modify his forecast for Goods of Durable and Electronic Consumption to favourable. The improvements in Italy also reach to Goods of Team, promoted by the significant improvement of the Italian exports, and Feeding, thanks to adjust them entered for the fulfillment of the terms of marked payment by the European directive.

Spain registers an only but significant advance in goods of Durable Consumption, thanks to the improvement of the exports and to the best symptoms of the internal consumption, that gives samples of stabilisation. Ireland registers advances in two of the most damaged sectors by the crisis, Construction and Steel, thanks to the launching of a public initiative for the renewal of the park of houses. In Low Countries the improvements concentrates in the sectors of Agriculture and Feeding.

Further of the zone euro, the Picture 500 sample a very stable behaviour with only two improvements: the textile in India, thanks to the increase of his exports to the economies advanced, and the electronics equipment dealers equipment dealers in Arab Emirates Joined.

The improvement of the economic forecasts of the zone euro explains that 14 of the 15 sectorial changes registered in the last Picture 500 of the year are positive. The only negative note puts it Spain. The forecasts of our chemical sector/chemist happen of favourable to desfavorables because of the narrowing of the commercial margins in the chemical sector, that faces an increasing global competition, and to the delays in payments of the sanitary ware Administration with the pharmaceutical sector.