centromarca industries drive italian economic growth and job creation in 2023

Centromarca member industries have had a significant impact on Italy's economy, generating €87.2 billion and creating approximately 1 million jobs. This accounts for 4.2 percent of Italy's GDP and reflects a growth of 19 percent from 2019. The industries, particularly in the food, beverage, and home/personal chemical sectors, play a crucial role in revitalizing the economy.

Economic Impact

The economic influence of Centromarca extends beyond production figures. The interconnections between member companies and their suppliers amplify the economic impact, with the value generated along the supply chain being three times greater than that derived solely from industrial production. Collaboration within the industrial ecosystem enhances productivity and fosters resilience.

Job Creation

Centromarca member industries have also made a substantial contribution to the labor market. Each job created in these companies leads to the generation of an additional 7.2 jobs in related sectors. This multiplier effect results in a total employment figure of around 1 million, representing 4.1 percent of the national workforce. The jobs span various areas, including production, logistics, and distribution.

Wage Contribution

In terms of wages, Centromarca member companies have contributed €26.6 billion in gross wages, marking a 17 percent increase since 2019. This constitutes 3.2 percent of total wage income in Italy and 15.7 percent of wages within the manufacturing sector. These indicators reflect the strength and adaptability of the industrial sector, providing essential job opportunities.

Value Generation

A closer examination of the value generated by Centromarca member industries reveals that production activities alone account for €26.9 billion. This includes added value, induced spillovers, and VAT contributions. The relationships between companies and their suppliers contribute an additional €13.9 billion in economic value. Logistics operators and trade channels also play a significant role in value creation.

Institutional Interventions

The recent debate surrounding the findings of the study highlighted the importance of institutional interventions in supporting the industrial landscape. The insights gained from this debate will be crucial in shaping policies that foster innovation, collaboration, and sustainable growth within the industrial sector. Centromarca industries also have a social responsibility in contributing to public finances, with a fiscal contribution of €28.7 billion, representing 5 percent of Italy's fiscal revenues for 2023.

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