The manufacture of machinery, vehicles, clothes, footwear, and food processing are Italy's main focus. The nation's manufacturing sector is rich in small and medium-size industries, located mainly in the nation's north east and north central regions. Most of the activity is concentrated in the industrial districts of Veneto, Emilia-Romagna and Tuscany, an area called the Third Italy. Tuscany's Prato area specialises in textiles. The Sassuolo and Cento areas produce beautiful ceramic tiles as well as being hot on mechanical engineering, and Nogara is famous for its stylish wooden furniture.
The Italian economy is the third biggest in the EU, the 8th biggest by nominal GDP, and the 12th biggest by GDP. They're founders of the European Union, Eurozone, OECD, G7 and G20. Like most Western economies, the post-banking crisis era proved tricky to navigate for the Italian manufacturing industry. The country's economy slid into a general decline towards the end of the first decade of this century, and government support dried up fast.
Luckily, since 2014 Italy's per capita GDP growth has caught-up with the Eurozone average, the economy has returned to growth, and things are looking brighter. In October 2017 Moody's confirmed Italy's rating to Baa2, but Standard & Poor's improved their rating from BBB- to BBB with a stable outlook.
We have some seriously important players in our list of the top 20 manufacturing businesses in Italy. Take Kuwait Petroleum, whose activities in the chemicals sector earned them 10,003,887,830.00 Euros revenue in 2017. Or the automotive giant FCA Melfi S.R.L, whose seven and a half thousand staff generated 5,587,857,169.00 Euros through 2017. And Fererro – Societa per Azion, a big noise in the beverages sector, clocked up 3,028,631,165.00 Euros revenue in 2017.