Will the European Elections Impact the Italian Manufacturing Industry?
MILAN — With the overall business of the national manufacturing industry expected to decrease in the second quarter, the results of the upcoming European elections appear crucial for the future of Italian production. “We really hope that following the European elections we can all start a process aimed at making Europe a real single market to face the challenge of the international markets dominated by huge players, like the United States and China,” said Alessandro Spada, vice president of Assolombarda, the association representing the companies operating in the Lombardy region. During the presentation on Tuesday of the “Where the Italian manufacturing industry is going” report, released by the association Confindustria, the importance for the Italian sector to consider Europe its domestic market emerged as vital. In particular, the report illustrated by Andrea Montanino, director of the Centro Studi of Confindustria, highlighted that international exports are having a smaller and smaller impact on the growth of single markets, globally. “I think that this reflects two major things: first of all that there are evident political difficulties in the management of multilateral trade agreements; second thing that countries are oriented toward the development of strategies more focused on domestic or regional markets,” said Giorgio Barba Navaretti,
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