Carlo Bonomi, who heads the Italian industrial association Confindustria, said 16% of Italian manufacturers have reduced or ceased production, and “if we go on like this, an additional 30% are going to be hit in the next months.” “Producing has become anti-economic,” Bonomi said at a meeting sponsored by the San Paolo Foundation in Turin.
Energy consumption confirms Bonomi’s warning: Gas consumption has decreased by 9.3% in February and 10.3% in March, which indicates that companies have stopped producing.
