– In 2013, the major manufacturing groups with Italian multinational organization have produced 67% of their assets abroad. And ‘what emerges from the report “Aggregates of 2,050 Italian companies” Mediobanca’s Research Department, which calculated a 9% of its turnover in Italy and the remaining 91% abroad.
91% of foreign enterprises is divided between Italian exports (24%), ie goods produced in Italy and sold in other markets, and the so-called ‘foreign to foreign’ (67%), consisting of the goods produced abroad and sold in various markets. In fact, the share of overseas production could also be higher, as 9% of the national share of turnover does not necessarily express the goods produced in Italy.
2,050 Italian enterprises X-rayed by the Research Center of Mediobanca represent the totality of the industrial enterprises with over 500 employees, which in turn express approximately 50% of revenues and 57% of manufacturing exports. Their sales are headed for 24% of public companies and 46% to private Italian and 30% in persons of foreign nationality, in turn, more focused on the service sector (43%) than in manufacturing (31%), while 25% goes for oil and 23% for energy and gas.
Employment fell by 5% between 2008, the last year before the crisis, and 2013, with the ax of the relocations that cuts above the blue-collar (-7.8%) compared to white-collar workers ( -1.3%). The working-class base, however, remains higher in medium-sized enterprises (63%) compared with large manufacturing (52%).
The report highlights the heavy hand of employment by public companies (-9.2% since 2008) and also in the sharp decline in manufacturing (-5.7%), where they cut jobs, especially the foreign-controlled enterprises (-11.3%). Staff reductions in the lower medium-sized enterprises (-2.1%) and the Made in Italy in Italian control (-2.2%), while it decreased by 10.6% as controlled by foreign hands.
Public better than private – Public enterprises have made the best of Italian private firms from 2008 to 2013, also underlines the dossier, which indicates a decrease of 2.4% of the aggregate turnover of the companies operating in Italy, with the public increased by 6.1% and 4.7% drop in private.
Credit crunch – Thirty-three billion of non-credit in 4 year old. And ‘the amount calculated by the Research Center of Mediobanca observing the dynamics of corporate loans from the banking system between 2009 and 2013 the amount of bank loans, however, was increased by 48.6 billion between 2005 and 2008, then over the balance of the decade, and ‘increased by 15.6 billion, but accounted for only 13.4% of the debt accumulated by financial companies, rose to 115.8 billion due to the contribution of the bonds and the contributions of foreign affiliates that have issued bonds on behalf of the groups they belong to. (
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