Italian leather industry recovery household consumption is still sluggish

In the first half of this year, driven by the sustained growth in industrial exports, the Italian economy stabilized at the bottom and showed signs of a modest recovery. However, the high level of unemployment, sluggish domestic consumption, and the waning stimulus effect of economic policies still constrained their economic trends. The full recovery of growth lacks stamina.

The backbone industry has come out of the doldrums. Since the end of this year, Italy’s traditional advantageous industries have ended in a downturn and recovery has occurred at different levels. From January to July, the production of textiles, garments, leather goods and leather goods increased by 7.4% year-on-year, and sales increased by 4.3%.

Household consumption remains weak. According to survey data from the Italian National Institute of Economic Research, in August, the Italian consumer confidence index fell to 104.1 from 105.5 in the previous month, the lowest since March 2009.

From the perspective of major consumer products, apparel products decreased by 0.7%; footwear and leather goods decreased by 0.1%.