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Confindustria:Udine, German slowdown, our businesses at risk

President Mareschi, concern over exports from Friuli

22 January, 17:10
(ANSA) - UDINE, JAN 22 - ''The slowdown in German industrial production could have repercussions on Friuli's exports to Germany this year, which grew by 32.6% from September 2016 to September 2018, and, consequently, on our manufacturing sector as a whole''. That is what the president of Confindustria Udine Anna Mareschi Danieli said today, expressing the concern of the Friuli-based industrialists over Germany's slowdown. ''The German economy shrank for the third consecutive month in November - she underlined -, recording the biggest contraction over four years''. Concern is motivated by the strong economic relationship between Friuli and Germany. ''Germany - added Anna Mareschi Danieli - is the biggest trade partner for the Province of Udine. Exports to Germany account for 17.9% of all sales abroad, 26% if we consider only exports to 28 EU member countries. In particular - she continued - 33.9% of the electrical equipment exported from the province of Udine are sold in Germany (Jan.-Sept. 2018) ''. ''A slowdown in exports from Friuli, which accounts for 39% of the total GDP of the province of Udine - president said - might therefore jeopardise the economic growth this year, especially in some sectors''. (ANSA).

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