15/11/2019  h. 14:04   
   Overview   |  
8th ECONOMY DAY: speech by Federico Tessari, president of Treviso Chamber of Commerce

07/05/2010 | Economy | 

presidente Tessari durante il suo intervento

During the last year, the manufacturing sector – especially micro and small enterprises – was the most affected by the decline in international demand suffered also by the Veneto region and the province of Treviso.
Veneto’s GDP dropped by 4.8%, with the export slump (-20.6%) significantly affecting its economy.
The same happened in Treviso, where exports fell by 21.2%.

The industrial production closed 2009 with a 7.0% decrease compared to the same quarter in 2008, when – we must remind – the crisis was already underway.
A significant change can be detected in considering the fourth quarter of 2009 compared to the third quarter of the year: a +5.8% was registered after 15 months of uninterrupted decline. However, this figure must be adequately confirmed before it can be considered a sign of recovery from the crisis.

The capacity utilization rate maintains a low level of 64.4%, ten points lower than the average values obtained in surveys during the three-year period 2005-2007.
As a result of continuing excess capacity, companies could suffer some problems in the coming months, both associated with cost structure and with the difficulty in re-employing people affected by CIG (Italian Wages Guarantee Fund).

According to assessments, employment registered unfavorable data as well, with a 4.9% year-to-year decrease. 
The variation in turnover in the fourth quarter compared to the third quarter was +3.3%, while foreign turnover grew by 5.8%.
Unfortunately, the above-mentioned (albeit good) figures couldn’t prevent the year from closing with a 10.6% year-to-year fall as for foreign turnover, and -9.0% as for total sales.

The most significant losses compared to the year before were experienced by the wood and furniture and industrial machinery sectors: both of them saw a 12.0% decline in total turnover.
Due to crisis, companies also tried to reduce costs and margins, which emerges from selling prices that fell by 2.0%, confirming the negative trend of the previous three quarters.

Exports from Treviso, as already pointed out, registered a 21.2% drop, but industrial machinery maintains its top position in Treviso’s exports anyway, although its exports fell by 25.6%, equal to 480 million euros.
Among the main purchasers of machinery from Treviso, France, Germany, the USA, Spain and Russia suffered the biggest drop, while China (ranking second, +41.8%) and India (eigth with +61.4%) registered positive results.
The furniture sector maintains the second place with 1.2 billion euros worth of exports, falling by 18.8%. As for the main target markets, Germany remains steady at first place with -2.7%.
Footwear follows, with a “limited” 11.3% drop, equal to 103 million euros.
The fourth place is taken by clothing (700 million euros worth of exports), whose trade flows decreased by 29.6% compared to the previous year.
Within the fashion sector, knitwear appears to be the most affected segment: its exports declined by 40.5%.

Decreases were experienced also by other sectors: household appliances -21.4%; metalwork fabrication -22.0%; other electrical appliances -24%, and rubber and plastics -18.4%.

On the other hand, the food (-1.4%), beverages (-3.5%) and jewellery (+1.2%) sectors held steady.
Germany keeps its role as our main target market, receiving goods for nearly 1.3 billion euros (-17.6%). France follows, with 1 billion euros (-16.5%), preceding the UK and Spain.

Retail trade in the province of Treviso registered a 2.1% decrease in 2009 compared to 2008.

Services turnover in Treviso declined by 5.1% during the last quarter of 2009 compared to the same quarter one year earlier.

The fourth quarter of 2009 closed with 92,676 registered companies in the province of Treviso: 868 less than one year ago (-0.9%).
A sector-by-sector analysis shows that the heaviest losses were experienced by the manufacturing sector: -333 units, that is, -2.3%, while the building sector decreased by 188 units.On the other hand, business services, public premises, and healthcare and public services grew by 99, 67 and 67 units respectively.

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