Appliance Production And Italy's Decline
Marc Chandler | May 27, 2013 03:18AM ET
This Great Graphic is part of a larger study by Euromonitor International by Lorenza Della-Santa. It looks at the number of appliances being produced in a select number of European countries in 2007 (dark bar) and 2012 (light bar).
Italy previously was the world's third largest appliance manufacturer. Last year it was in ninth place. Until the crisis, the industry was the second largest employer after the auto sector. In the 2007-2012 period, major appliance production in Italy fell, according to Della-Santa's research, by 3.6 mln units annually for a total of 18 mln units. Of these 8 mln were large cooking appliances.
Della-Santa notes that US appliance production fell by 12 mln units over the same period, roughly a 25% decline. It is still second behind China. Most of US production is consumed domestically, making it less dependent on the relative health of trading partners.
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