The Italian government has offered strong tax incentives to encourage manufacturers to embrace digitalisation and Industry 4.0
Lambretta scooters are fashion icons.
MADE IN ITALY
Manufacturing prospects, machine tool trends and macroeconomic forecasts for Italy are outlined in this article.
“ The Italian manufacturing sector is critical to its economy, with its strong global brand and reputation.”
According to the EU’ s EURES( EURopean Employment Services), as of 1 January 2024, about 59 million people lived in Italy. The gross domestic product per inhabitant was EUR 33,000 in 2022. In 2023, more than 25.5 million people were active in the labour market in Italy. The employment rate was 61.5 %, 8.9 percentage points lower than the EU27 average and 2.9 percentage points higher compared to 2018. In 2024, in Italy, the occupational groups with the highest occurrence of shortage occupations were stationary plant and machine operators, legal, social and cultural professionals, and sales workers.
“ The energy crisis triggered a slowdown in activity. Large fiscal support and gains in competitiveness helped real GDP to rebound to its pre-pandemic level by mid-2021, with unemployment reaching historically low levels. However, high inflation in the wake of the energy crisis has eroded real household incomes and the tightening of euro area monetary policy has led to rapid increases in borrowing costs for households, businesses and the government,” said the OECD, in its Economic Survey of Italy 2024’.
The Italian manufacturing sector is critical to its economy, with its strong global brand and reputation. It mostly includes small and medium enterprises with less than ten employees as well as global OEMS. The manufacturing sector has taken advantage of the technological transformations in the industry with the Industry 4.0 revolution. The Italian government has offered strong tax incentives to encourage manufacturers to embrace digitalisation and Industry 4.0.
34 | ismr. net | ISMR April 2025