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Italian executives share positive perspective on local economy future trends, E&Y says

Italian executives share positive perspective on local economy future trends. According to the 16th edition of Global Capital Confidence Barometer by E&Y published yesterday, in Italy 67% of respondents expect an improvement in the state of the economy over the next twelve months (only 9% in October 2016), while 27% believe that the economic conditions will be quite stable.

Emerging pressures help to reinvigorate companies' portfolio review processes: 47% of respondents have begun actively reorganizing their geographic operations in response to potential changes in trade policies; 38% didn't, but plan to.

In the Italian respondents' opinion the reference market for acquisitions remains the domestic one. Top six sectors which intend to actively pursue acquisitions in next 12 months are: consumer products and retail, diversified industrial products, mining and metals, automotive and transportation, power and utilities and financial services.

The main strategic drivers for pursuing acquisitions are growing market share (24%), acquiring technology or new production capabilities (21%) and moving into new geographies (19%).

EY's Capital Confidence Barometer is a regular survey of senior executives from large companies around the world.