The publication of the most recent Eurostat data, referring to the economic calculations al 31 December 2017, has made it official France overtaking Italy as Europe's second largest power in terms of manufacturing output, bringing back an industrial product for the country beyond the Alps 889,4 billions of euros against 883,7 of our country (however at the highest since 2011 to date).
“In previous years, Italy had always been in front", underlines theAgi. “Between 2010 and the 2013 il gap was consistently higher than 100 billions of euros, only to then taper off in the 2014 a a little more than 65 billion, go back in 2015 a 83 billion and then descend back into 2016 less than 35 billion. Eventually in the 2017, according to data which we reiterate, however, are still provisional, there was an overtaking". A sign that Italy has been forced to abdicate the position of "Europe's second manufacturing" long presented as an emblem of the country's system's ability to resist the economic problems of recent decades and the asymmetries linked to entry into the euro? Not exactly.
Considering the net data does not exhaust the issue. In fact, it is not the simple comparison between the overall value of the GDP generated by manufacturing that closes the game. To be crucial, in the comparison, it is in fact the added value generated by the manufacturing industry, that is, the actual increase in output connected to the intervention of the national industry, to which i must be added intermediate consumption of the production chains and the variation of stocks. More precise indicators than those on which aggregate production research is based, excessively focused on the trend projections of the national accounts, very often influenced by a significant degree of variability. Read More