The trend decrease (-0.5%) and most of all the more consistent conjuncture decrease (-0.8%) detected in October from the Confcommercio Consumer Indicator (ICC) indicate a possible start in the third quarter of a phase of folding of the household consumptions that could go on also in the first part of 2012. The worsening recorded on the household demand side can fit in a context that sees a progressive worsening of the conjuncture indicators. According to Confindustria estimates, also in November has been recorded a contraction of the industrial production (-0.1% over the previous month) and the orders (-0.4% over October). This trend is expected to continue also in the final phase of 2011 and the first months of 2012. The labour market is also marked by uncertainty. The trend dynamics (yearly) of the ICC in October reflects an increase of the demand for services (+0.8%) and a decrease in the expenditure for goods (-1.0%). The seasonally adjusted data show in October a decrease of ICC by 0.8%, in particular for demand for services (-1.7%) and goods (-0.5%). For the month of December estimates suggest a conjuncture variation in consumer prices of 0.2%.