Mercoledì, 19 Settembre 2018

Italian industry 2nd to Germany in value added, Monti says


(ANSA) - Rubbiano, October 8 - Despite the economic crisis,
Italy is second only to Germany among major European economies
in terms of adding value to its industries, Premier Mario Monti
said Monday.
"Despite the crisis and the progressive loss of
competitiveness of the Italian economy in the decade preceding
the crisis...among the main European economies, Italy is second
only to Germany in terms of industrial total value added," Monti
said during the opening of a new Barilla plant near Parma.
Total value added is calculated by subtracting outside
purchases from a company's revenue.
Italy also remains on course for improving economic
performance, Monti added.
"There is still work to do, but we are on the right track".
Still, to grow out of the current recession, Italian
workers and companies must work even harder, he said:
"We need to mobilize all our energy to grow".
Monti also warned that the rest of Europe is watching to
see the proof that government reforms and public efforts will
work in turning around the country's economic performance.

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