Report: Italy's Home Sector Leads Export Losses.

According to a report by Italy's Intesa Sanpaolo bank, the home sector in Italy experienced losses in exports during the first nine months of 2023. The furnishings and interiors sectors were particularly affected, with drops in wood furniture, household appliances, and construction products. Certain districts, such as Udine and Pordenone, saw significant declines in exports. The report also mentioned concerns about the effects of the conflict in the Middle East on the shipping sector and the potential impact on the home furnishings industry. Despite these challenges, the Italian federation of woodworking and furniture industries predicts a slight bounce back in exports in 2024. [Extracted from the article]

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