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8th ECONOMY DAY: speech by Federico Tessari, president of Treviso Chamber of Commerce

07/05/2010 | Economy | 

presidente Tessari durante il suo intervento

THE ECONOMY IN THE VENETO REGION
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 SITUATION IN TREVISO
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.

TREVISO’S EXPORTS
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.

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

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

THE ENTERPRISES IN THE PROVINCE OF TREVISO
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.






English translation by trevisobellunosystem.com

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