Retail, tourism sectors make worse start in 40 years
Confesercenti says 29,136 businesses closed in Jan, Feb11 March, 12:58
Some 29,136 businesses closed and 11,413 opened in the retail, tourism and intermediary sales sectors in the first two months of the year, Confesercenti said.
This translated into a negative balance of 17,723 closures, the worst figure for the January-February period for 40 years.
Closures outstripped openings in all trade sectors, while Rome came bottom of the city league with a net balance of 682 closures. Italy emerged from its longest postwar recession in the second half of last year, but the recovery is weak, economists say.