2013/2012 -1,0% 2,0% 0,2% -0,3%
Output (volume) Exports (value) Investments Employment
2014/2013 1,0% 3,0% 0,2% -0,2%
Sources: Euler Hermes estimates, Anima
150 140 130
Index basis 100 = 2010
120 110 100 90 80 70
Manufacturing
Machinery and Equipment
60 2005
2006
2007
Source: Eurostat
2008
2009
2010
2011
2012
2013
2014
Source: Eurostat
100 90
Index bais100 = 2007
80 70 60
50 40 30 20 10
0 2008
2009
TOTAL
2010
2011
Foreign markets
2012
2013
Q1 2014
Domestic markets
Source: ISTAT
Source: BACH – Banque de France
2
Source: ITC
Glass 2%
Hydraulic & pneumatic 4%
Plastics & rubber 6%
other machine tools 10%
Packaging 9%
other mechanical 47%
Textile industry 4%
Graphic industry, paper industry & Woodworking related 2% 3%
Plumbing, sanitary & related components 11%
Ceramics 2%
Sources: Euler Hermes and professional associations
2500
2357 2190,4
2000
1500 1073,9 1000
868,5
500 205,4
166,6
58,8
3,4
0 Mechatronics Bari 2012
2013
Packaging machinery Bologna 2013/2012
Q4 2013 change in %
Sources: Intesa San Paolo – Istat
3
119 120
110 107 106 103 100
100
97
95
92 80
80
73
60 40
2013
Automotive
Food
Commodities
Textile
Household equip.
2012
Tranport
Construction
Chemicals
Metals
Paper
0
Mechanics
20
EU Regulatory threshold
140
2014f
Source: Euler Hermes
80% 60% 40%
Change in %
20% 0% -20% -40% -60%
2013 (vs 2012)
-80%
Q1 2014 (vs Q1 2013)
-100% Frequency Domestic
Frequency Export
Severity Domestic
Severity Export
Source: Euler Hermes
DISCLAIMER These assessments are, as always, subject to the disclaimer provided below. This material is published by Euler Hermes SA, a Company of Allianz, for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by Euler Hermes and Euler Hermes makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of the Euler Hermes Economics Department, as of this date and are subject to change without notice. Euler Hermes SA is authorised and regulated by the Financial Markets Authority of France. © Copyright 2014 Euler Hermes. All rights reserved.
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