Regional PMI Report 2022: Economic recovery at risk in the two-year period 2022-23
Posted: Sun Mar 16, 2025 9:50 am
The economic and geopolitical situation is not favorable. And the economic fabric of our country, made up largely of SMEs, is at risk of recovery in 2022-23 . This is because the tensions arising from the conflict in Ukraine, such as the sharp increase in the price of raw materials, are being transmitted to our production system.
It is in this economic and political mom database context that the 2022 PMI Regional Report, produced by Confindustria and Cerved, fits in. The study analyses the trends and prospects of 160 thousand small and medium-sized enterprises with a focus on the exposure of Italian SMEs to environmental and transition risks.
According to the forecasts contained in the research, the recovery process of Italian SMEs could slow down in the next two years . In the “worst” scenario, the dynamics of the recovery of SME revenues could come to a sharp halt, due to poor growth in 2022 (+0.6%) and a contraction in 2023 (-0.5%). The Centre would return to being the most affected area of the Peninsula (-1.9%), followed by the North-West (-1.8%), the North-East (-1.3%), and the South (-0.8%).
In the “baseline” scenario, however, pre-Covid levels will be recovered in all areas starting from 2022. At the end of the forecast period, the area that will grow the most compared to pre-Covid levels is the South (+3.8%), while the North-West will record the most modest rebound (+2.4%).
It is in this economic and political mom database context that the 2022 PMI Regional Report, produced by Confindustria and Cerved, fits in. The study analyses the trends and prospects of 160 thousand small and medium-sized enterprises with a focus on the exposure of Italian SMEs to environmental and transition risks.
According to the forecasts contained in the research, the recovery process of Italian SMEs could slow down in the next two years . In the “worst” scenario, the dynamics of the recovery of SME revenues could come to a sharp halt, due to poor growth in 2022 (+0.6%) and a contraction in 2023 (-0.5%). The Centre would return to being the most affected area of the Peninsula (-1.9%), followed by the North-West (-1.8%), the North-East (-1.3%), and the South (-0.8%).
In the “baseline” scenario, however, pre-Covid levels will be recovered in all areas starting from 2022. At the end of the forecast period, the area that will grow the most compared to pre-Covid levels is the South (+3.8%), while the North-West will record the most modest rebound (+2.4%).