Home » Milan regains growth. New businesses and added value are increasing

Milan regains growth. New businesses and added value are increasing

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Milan was the area most affected by the effects of Covid, with significant drops in industrial production (-9.5% compared to 2019), but also in turnover in the service sectors (-13.3%) and of trade (-11.8%). A little better went for the Monza Brianza area, where the sector most in difficulty is that of services (-10.9%), followed by the sectors of industry (-7.9%) and trade (- 4.6%). Lodi recorded a significant decline for services (-8.5%) and more limited losses for the manufacturing industry (-3.3%) and trade (-1.3%).

As for the sectors, in the first quarter of this year there is a marked change of pace for the manufacturing industry, with production resuming growth in all areas, while the effects of the lockdown on the service sector are still strong.

Also for the area of ​​Milan Monza Brianza Lodi, trade with foreign countries in 2020 decreased drastically: overall exports lost 11%, more than Lombardy (-10.6%) and Italy (-9 , 7%). In absolute terms, this means a loss of approximately € 6.5 billion compared to 2019, with more pronounced reductions for Milan (-12.5%) and Monza Brianza (-7.1%) and more contained for Lodi (-3, 9%).

In the first quarter of the year, on the export front, difficulties are still observed for Milan, while Monza Brianza and Lodi record double-digit increases Finally, a look at the world of work: despite the policies to support the world of work, at the end of 2020 employment is down compared to the previous year: in Milan by 1.3%, in Monza Brianza by 0.7%, while in Lodi it grew by 1%. Overall, the territory of the three provinces recorded a decline of -1.1% in employment, more attenuated compared to -1.7% in Lombardy and -2% in Italy. Furthermore, in contrast with the national data, which sees the female component most penalized in the world of work (-2.5% the decrease in employed women in 2020 compared to -1.5% men), in the area of ​​Milan Monza Brianza Lodi (especially due to the trends in Brianza and Lodigiano), the figure for employed women remains stable (+ 0.1%) compared to that of men (-2.1%).

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