Milan – The economic crisis has brought down by one third the value of investments, which are the economic category most battered in recent years. According to figures provided by the Cgia, between 2007 and 2014 “the total amount of the investment adjusted for inflation fell by as much 109 400 000 000 euro, in percentage terms, a reduction of 29.7 points. No other economic indicator has registered a contraction percentage as extensive “.
The sectors affected . The recognition of the association of Mestre says that the sectors that have suffered the most significant “were those related to transportation (cars, company vehicles, buses, trains, planes, etc.), a decrease of 43.4 percent (10.9 billion euro), non-residential buildings (sheds, commercial buildings, public works, etc.), a decrease of 38.6 per cent (-39.1 billion) and housing. Specifically, , residential construction has registered a decrease of 31.6 per cent (-31.7 billion). Heavy also falls suffered by the sector, with a decrease of -30.1 percent (-1.9 billion), from that plant and machinery (that does not include transportation, computers / hardware and telecommunications), which recorded a decline of 29.3 per cent (-25.4 billion), and software, showing a decline of 10.8 percent (2.4 billion). “
In this panorama black, there are few happy islands:” The only kinds of investments that were not affected by the crisis “, says the Cgia,” we were those related to research and development (+8.1 percent) and telecommunications (10.6 percent). In the first case the increase in absolute terms amounted to 1.5 billion euro in the second case the positive change was of 598 million Euros. “
THE COLLAPSE OF INVESTMENTS IN ITALY
| TYPE OF INVESTMENT (rank for greater contraction 2014/2007) | 2007 in millions of € real (*) | Year 2014 in € million real (*) | Change Investment peak in 2007 | |
|---|---|---|---|---|
| Var. ass. 2014-2007 in € million real (*) | Var.% 2014/2007 | |||
| Transportation | 25256.4 | 14289.9 | -10966.5 | 43.4 |
| Non-residential buildings and other works | 101,291.9 | 62157.5 | -39,134.4 | -38.6 |
| Homes | 100,411.7 | 68652.4 | -31759.4 | 31.6 |
| Computer and hardware | 6466.3 | 4520.0 | -1946.3 | -30.1 |
| Plant / Machinery (**) | 86867.2 | 61397.4 | -25469.8 | 29.3 |
| Software and Database | 22329.7 | 19913.8 | -2415.9 | 10.8 |
| Other residual items (** *) | 2400.5 | 2270.4 | -130.1 | 5.4 |
| Research and Development | 18524.6 | 20033.2 | +1,508.6 | +8.1 |
| Telecommunications | 5626.0 | 6224.1 | +598.1 | 10.6 |
| Gross fixed capital formation | 368,619.8 | 259,157.0 | -109462.9 | 29.7 |
(*) Amounts adjusted for inflation and linked to ‘ 2010. Please note that in case of real values (concatenated) the total gross fixed investment does not match the sum of the individual items (type of investment); coincides, by definition, only in the year of chaining ie
in 2010. (**) Other transport equipment, computers / hardware, telecommunications. Including weapons.
(***) Other residual items (agricultural assets, mineral exploration and evaluation, of original works of art, literary or entertainment). Account for less than 1% of total investments.
The trend for institutional sector. The public administration is the institutional sector in which more than others has cut more. Also during the period between 2007 and 2014, the decline in real terms of the investments in Pa was 30.8 percent. Followed by consumer households (-29.9 percent), businesses (29.5 percent) and finance companies (-23.3 percent). The Cgia remember that, instead of 100 the total nominal investment in Italy in 2014, over 60 percent was attributable to companies and another 24 per cent to households. To the public, in 2014, he was entrusted with a share of just over 13 percent.
recovery difficult, but in place. If you look at what has happened in recent decades, we realize that the total amount of gross fixed investment last year (259.1 billion euro) is almost the same as we had in 1995 (264.3 billion euro). “Basically we are back at the same level as 20 years ago,” he sums up the association of artisans. Looking ahead, however, things look set to improve: a shared judgment today also by banks, judging by the recovery that lies ahead in the ABI report. As reported in the Def 2015, this year we registered a growth of 1.1 percent in 2016 of +2.1 percent in 2017 of +2.3 percent in 2018 to +2.2 percent and in 2019 of +2.1 percent.
“Investments – said Paolo zabeo CGIA – are a major component of GDP. If we do not improve the quality of products, services and production processes, we are destined to impoverish us. Without investment this country has no future. ” Despite the difficulties, the country system showed the first signs of recovery. In the first 5 months of this year, for example, industrial production rose by 0.5 percent, the industry turnover of +0.1 percent, while orders increased by 1.4 percent “Although positive – concludes Zabeo – these data are too fragile to lower incisively unemployment; however, constitute a signal that allows us to state very likely that the worst is now behind us.”
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