Confindustria said Friday that
Italian industry was in trouble and that energy price hikes were
pushing inflation higher.
The industrial employers group said there had been a slow
restart for the economy: at the beginning of 2025, and support
for the economy should come from the continuation of rate cuts
even if inflation is rising, fueled by increases in gas and
electricity prices.
"Industry is in crisis and services are not pulling much," said
the Congiuntura flash report of Confindustria which underlines
how general industry is "in trouble" with the automotive sector
recording a "significant" fall in production.
The prospects - underlines the Association's Study Center - are
weighed down by uncertainty over possible US duties, "which
risks slowing down trade and investments".
Industry is "in trouble", it says, "production fell in December
(-3.1%) after the marginal recovery in November: -1.1% in the
4th quarter, the 7th consecutive decline: the automotive sector
marks a -36.6% on December 2023".
photo: Emanuele Orsini, president of Confindustria
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