All the fault of Biella Textile. In short, this is the Piedmontese district that weighs in at the end of the first quarter of 2021. Observe Explained Intesa San Paulo Studies and Research Department.
According to the data, in fact, the overall result of this region is 2.4 billion euros, an increase of 1.6% “only”. It is less in the broadest sense (+ 6.5%) in the local sense than in other Italian districts (+ 6%). Why is this? The reason is that the typical employment woes of the Bealis continue – in addition to this – the Piedmontese outcome would have increased by 6%, hence the national average of districts.
Well-developed markets, the “mature” are suffering
Exports to emerging markets resumed (+ 11.2%), supported by positive performance China, Hong Kong, South Korea, Saudi Arabia, Russia. The slow recovery is characterized by exports to the mature markets of the Piedmontese districts, which are still down 2.5% compared to the first quarter of 2020: the most important drops associated with the United Kingdom, France, Switzerland and Spain; The increase in exports to other major countries (Ireland, Germany and the United States) could not be offset.
One in two districts is improving pre-Kovid levels
A picture of lights and shadows emerges from the analysis of each district, but overall the result is positive: 8 out of 12 districts have started to grow year-on-year, and half of the local districts are already above the export level in the first months of 2019.
The most ili energetic area confirmed it Agricultural food: Exports grew by 4.6 per cent in the first quarter of 2020 and 10.7 per cent in the first quarter of 2019. Three out of five districts achieved particularly good results: Hazelnut, Piedmontese fruit (+ 25,8%), Sweets from Alba and Kunio (+ 8.2%) e Coffee, candy, Turin chocolate (+ 6.9%). The tendency for me was only a little negative Wines from Lange, Roro and Monferrato (-1.1%). This is in contrast to declining exports Rice from Versailles (-10,3%).
Performance of the only Piedmontese district in Home system: Exports of home appliances from Omega increased by 42.4%.
And there Mechanics Overseas markets grew significantly over the same period last year: + 9.2%, yet exports in the first quarter of 2019 are still a long way off (-13.1%). Export Turin machine tools and industrial robots (+ 19.5%), of Biella’s cloth machines (+ 7.5%) and Taps and valves from Kuzio-Valcesia (+ 6.9%).
There are still those who suffer
On the other hand, i Castle Monferrato Industrial Refrigerators (-7.3%). The region facing the biggest crisis continues Fashion system (-9.2%). However, the trend in the two Piedmont districts is different: TheThe Art of Valenza Goldsmith It was able to achieve little growth compared to the decline of the first quarter of 2020 (+ 3.6%) Biella Textiles Another heavy blow (-19.2%).
The difference between the two Piedmontese technical poles is strong. The Polo Ict in Turin There is a good time: exports in the first quarter of 2021 are higher than in the first quarter of 2020 (+ 1.8%). The Piedmont aeronautical poleOn the other hand, the region is facing difficulties, with a decline in international travel (-45.5%).
“Evidence from the research department and our day-to-day operations among entrepreneurs suggest that the Piedmont economy has resumed – Dice Andrea Perusin, Regional Director of Southern Piedmont, Liguria of Intesa San Polo -. Already by the end of 2021, some districts will be able to complete the recovery of what was lost during the Pandemic crisis, taking advantage of growth opportunities in international markets where trade is rising sharply, while we expect a slow recovery in fashion and aerospace. The size of the businesses remains a weak point, but Piedmont shows excellent ability to interpret the change and life of its businesses, and thanks to the strength of the districts. As the first Italian bank, we look forward to supporting full structural recovery and redeploying parts of growth, providing resources for the production system – with Motor Italy providing a limit of 3 5.3 billion to SMEs in the North-West. Program – and solutions for investing in dimensional strengthening, environmental and digital transitions, training and distribution networks “.
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