Recession-hit Italy is losing
around 260 firms a day in the tertiary sector, retailers'
association Confcommercio said on Monday. "The number of
companies closing in the tertiary sector is increasingly higher
than the new companies," Confcommercio said in a report.
According to the study, Italy had 78,000 tertiary businesses
less after the first 10 months of the year, when the difference
between closures and new firms is accounted for. It said that
this means an average of 260 firms were disappearing each day.
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