THE82nd report on the analysis of industrial sectors produced by Intesa Sanpaolo in collaboration with Prometeia, presented yesterday in Milan, describes the contraction of Italian industry, which will see its turnover at the end of 2012 down by 5,3%mainly due to the decline in domestic demand. However, the study forecasts a cautious recovery for 2013 (+0,4%), followed by a clear growth of 2,3% in 2014.
Going back to 2012, according to Gregorio Di Felice of Intesa Sanpaolo, the picture could be even more gloomy (a drop of -8%) were it not for the good export results. Therefore, all those sectors that are more oriented towards the foreign market, such as pharmaceuticals and the consumer goods industry, and sectors active on a large number of markets such as electrical engineering and mechanics, pay less. Even food companies are turning more and more towards foreign countries,
The production levels at the end of the year will touch the minimum levels marked in 2009, above all involving a strong excess of production capacity in some sectors, especially those related to construction and the production of durable goods.
