Production is growing in Italy, and according to ISTAT figures, manufacturing industry is expanding fast, with an increase of 60%.
The economic recovery will gain speed thanks to a positive “contagion effect” between various sectors. ISTAT presents a rosy view of prospects over the coming months. “The Italian economy is accelerating due to widespread growth in production and an increase in employment”, writes the national institute of statistics, which just last week confirmed that GDP is at its highest level in six years.
And the growth will not stop there, since the forecasted figures – indicators for the immediate future – indicate a strengthening in growth prospects. Meanwhile, tax revenue is up, with an increase of 1.6% in the first half of the year, according to the Ministry of Economy and Finance, pointing to the rise in VAT revenue (up 4.4%).
THE CONTEXT. The institute of statistics is talking about a contagion effect between individual sectors. “The recovery will be widespread and concerted”
Overall, then, estimated growth appears to have been exceeded, and now it’s just a case of the most eagerly-awaited indicator of all, the government’s own. The updated Document of Economy and Finance (DEF) is shortly to be published, and the bar of annual growth – still stuck at 1.1% – looks set to rise.
Deputy minister for the Economy Pier Paolo Baretta assures us: “In the next ten days or so, by 20th September at the latest, the task of finalising the plan for growth will be completed”. As yet he has made no comment on the figures.
According to ISTAT, however, if the pace of the past three months is maintained (+0.4%), a GDP of 1.5% is within reach. But where is the recovery coming from? On this occasion there is not one single factor; for ISTAT it’s a question of a “concerted” growth spread throughout production sectors, as explained in the institute’s most recent statement. To the extent that 60% of manufacturing firms are in expansion in the reference sectors, while the service sector is up by more than 50%.
ISTAT: “The Italian economy is accelerating”. Growth exceeds expectations
On the other hand, the latest figures show that in investment terms it’s all systems go: investment is up once again after a difficult start to the year (+0.7%) , and so is self-employment.
Source: Bresciaoggi 06/09/2017
Software for production process optimisation in the manufacturing industry is an opportunity of continuity for SMEs in Brescia and its province
The industry 4.0 is certainly an opportunity for small and medium-sized enterprises, but we must also consider that the whole European Plan revolves around a simple concept: making factories and machines smart, thus improving the manufacturing output thanks to software for production process optimisation.
This was discussed at a conference held in the lecture hall of the Faculty of Economics in Brescia, where a study of generations and responsibilities was presented, also with an eye to the importance of the values that are handed down from previous generations. In fact, the focus of the debate was on generational change, which could be encouraged precisely thanks to the Industry Plan 4.0 and the incentives promoted by a super and hyper-amortisation at 250%.
Production and governance, operating margins and investments, production process optimisation, innovation and marketing. The list of issues to be discussed at the time of handover of responsibilities in the management of a family business could go on and on.
For the vast majority of the 98 small and medium-sized enterprises analysed in the area of Brescia (all active in the manufacturing sector), the values handed down through generations are the basis on which continuity can be built. The presence in a company of several generations at once, which sometimes can even become a problem, is possible by training younger members, both at the company premises and externally, for example with experiences abroad, degrees or specialised courses.
As there are no established good practices on generational change, the problem arises when each small company has to decide for itself on the matter.
Continuity should therefore be seen as an investment, as those made in innovation and technology, where it is essential to understand the times required and which people to delegate to ensure adequate innovation for the company, so it can optimise production processes also through software geared towards the Industry 4.0.
Contact GP Progetti formore information.
Source: survey conducted by Professors Achille Fornasini and Alberto Mazzoleni of the Department of Economics and Management of the University of Brescia, in collaboration with the management and strategy consulting firm Sei Consulting of Brescia and Banca Patrimoni Sella.
It is also thanks to manufacturing industry software if Brescia is now at the tiptop of Europe. The latest data define it as a cutting-edge industrial system in Italy and a flagship for exports, green manufacturing and innovation, as well as a magnet for industrial investments abroad and a major global investor. This is the snapshot of industrial Brescia according to research conducted by AIB, the Edison Foundation and the Symbola Foundation, aimed at illustrating its records but that, above all, intends to become a model.
“If, as Brescia did, we aim for innovation and quality, exploiting the strengths of the local area – as stated in the foreword of the research – and if we focus on research and sustainability, following the direction of a circular economy, Italy will be able to play a key role.”
As a matter of fact, Brescia, with its SMEs, 156,000 workers and more than 10 billion of added value in the industrial sector, is the third province in Europe. And this leadership deserves to be confirmed. In short, 2016 was a year of recovery and redundancy payments also decreased.
The data for 2016 looks promising, indicating a recovery (+ 3.2%) of industrial production in the manufacturing sector, confirmed by the use of systems, which has reached 75%. Positive signs have also come from the business services sector, which shows a recovery in sales and order books. Foreign trade is dynamic, too: “in the first nine months of the year, our exports were worth 10.8 billion euros – says Bonometti – a level of absolute excellence, confirming the ability of our entrepreneurs, even during the most difficult years of the crisis, who have never ceased to invest in innovation in order to improve the quality, sustainability and competitiveness of their products on international markets. Of course – says AIB president – there is still uncertainty, at a global level to begin with, but for 2017 we can expect global economy to grow, so we are also cautiously optimistic.”
The Industry 4.0 Plan will provide new opportunities for companies, especially those aiming to improve production with software specifically designed for the manufacturing industry.
Sources: Corriere della Sera, 15 December 2016; Bresciaoggi, 2 February 2017