Italy's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Construction sector 'has hit the bottom'

Share this article

Construction sector 'has hit the bottom'
Around 669,000 jobs in the building sector have been lost since 2008. Photo: Alex Proimos/Wikicommons
13:30 CEST+02:00
2012 was the ‘worst year in history' for Italy's construction sector, a report by ANCE, the construction workers' association, revealed today.

Around 669,000 jobs in the sector and related industries have been lost since the onset of the global financial crisis in 2008, according to the report.

The number of jobs lost is equal to the “entire population of Palermo,” the report said.

Meanwhile, over 11,000 construction businesses have gone bust since 2008.

“We’ve hit the bottom...the crisis has been the longest-running and most intense in the history of the country,” the report said.

ANCE forecasts the sector will dip a further 5.6 percent in 2013.

The association also said house sales have halved since 2008 and have “returned to the levels of the mid-1980s, with a drop of 26 percent in 2012 alone.”

Jobs in Italy
Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

VIDEO: Three surprising facts that will make you want to visit Malta

Game of Thrones has ended but it lives on in Malta! Find out how and learn two more unexpected facts about this little archipelago in the middle of the Med.