Italian leather industry recovery household consumption is still sluggish

In the first half of this year, the Italian economy found some stability amid ongoing challenges, largely due to sustained growth in industrial exports. This helped prevent a deeper downturn and signaled a slight recovery. However, persistent high unemployment rates, sluggish domestic consumption, and the fading impact of recent economic stimulus measures continue to hold back broader growth. The momentum for a full recovery remains weak and uncertain. Notably, Italy’s traditional backbone industries have started to show signs of improvement. Since the end of last year, several key sectors that had been in decline are now showing varied levels of recovery. For instance, from January to July, the production of textiles, garments, leather goods, and footwear increased by 7.4% compared to the same period last year, while sales rose by 4.3%. This suggests that some sectors are beginning to regain their footing. Despite these positive developments, household consumption remains a major concern. According to data from the Italian National Institute of Economic Research, consumer confidence dropped to 104.1 in August, down from 105.5 in July—the lowest level since March 2009. This decline highlights growing concerns among consumers about the economic outlook. Looking at specific categories, sales of clothing products fell by 0.7%, and footwear and leather goods saw a small decrease of 0.1%. These trends reflect the continued struggles of the retail sector, particularly in the face of rising living costs and limited wage growth. While certain industries are showing resilience, the overall picture remains mixed, with long-term recovery still dependent on stronger domestic demand and more effective policy support.

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