Despite the recent pandemic and increases in energy and raw material prices, Italian industry appears to be in good health. According to Intesa Sanpaolo and Prometeia analysis, Italian manufacturing turnover is on track to set a new record of over 1,170 billion euro this year, up 1% from 2019, with an additional 260 billion euro. Gregorio De Felice, chief economist at Intesa Sanpaolo, says that 2023 will be a year of "growth consolidation, but in the long run, we will return to higher levels by 2027." The manufacturing sector closed 2022 with a 2.6% increase in activity levels, despite a slowdown in production activity in the second half of last year due to the energy crisis. Despite a slowing global demand, exports increased by 2.4% year on year. This is due to the competitive strengthening of Italian companies, which will allow exports to exceed the 50% of total turnover threshold for the first time. Individual industrial sector growth dynamics are particularly intriguing. The machinery and technology industries, in particular, are preparing for the new challenges of digital and energy transition.
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