In November 2024, industrial production in Italy overall decreased by 1.5 percent compared to November 2023. Manufacturing of transport equipments and petroleum products recorded a drop by more than ten percent. On the contrary, electricity, and pharmaceuticals registered the highest growth rates. Impact on consumption and production The spring of 2020 recorded a very sharp decrease in industrial production and consumption. In terms of industrial production, some of the most impacted sectors by the coronavirus were the manufacture of textiles, apparel, leather, and accessories, as well as the manufacture of transport equipment. Similarly, consumption volume increased in March 2021 compared to one year ago. During the pandemic, the sectors of air transportation and leisure activities saw some of the largest drops in consumption. Recovery after COVID-19 Italy's economy has been strongly hit by the coronavirus pandemic, with Italy's GDP dropping consistently in 2020. Additionally, Italian exports are estimated to have decreased by over 15 percent. However, 2021 seems to be a year of recovery. The GDP is estimated to grow from three to four percent. The exports and imports are going to increase as well. Nevertheless, the next two years might experience an increase in unemployment rate, particularly during 2021.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Key information about Brazil Industrial Production Index Growth
Events Industry Market Size 2025-2029
The events industry market size is forecast to increase by USD 1.07 trillion, at a CAGR of 13.5% between 2024 and 2029. The market is experiencing significant growth, driven primarily by the increasing number of corporate events. Companies recognize the value of face-to-face interactions in fostering business relationships and driving sales.
Major Market Trends & Insights
Europe dominated the market and contributed 34% to the growth during the forecast period.
The market is expected to grow significantly in Noth America region as well over the forecast period.
Based on the Type, the corporate events and seminar segment led the market and was valued at USD 304.60 billion of the global revenue in 2023.
Based on the Source, the sponsorship segment accounted for the largest market revenue share in 2023.
Market Size & Forecast
Market Opportunities: USD 149.92 Billion
Future Opportunities: USD 1.07 Trillion
CAGR (2024-2029): 13.5%
Europe: Largest market in 2023
Another key trend is the growing popularity of events in education, as organizations leverage interactive learning experiences to engage their audiences and enhance brand awareness. However, this market faces a significant challenge: the emerging threat from open-source virtual events solutions. As technology advances, more businesses are turning to cost-effective virtual alternatives to traditional in-person events. This shift presents both opportunities and challenges for market players. Companies that can effectively adapt to this trend, offering innovative solutions that enhance the virtual event experience, will be well-positioned to capitalize on this market's potential. Conversely, those that fail to adapt may find themselves at a competitive disadvantage. To succeed in this dynamic market, companies must focus on delivering value-added services, leveraging technology to create engaging experiences, and continuously innovating to meet the evolving needs of their customers.
What will be the Size of the Events Industry Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
The events industry continues to evolve, presenting numerous opportunities for businesses across various sectors. Emergency response planning remains a critical aspect of event management, ensuring the safety and well-being of attendees. Event networking opportunities are increasingly leveraged through virtual platforms, enabling global connectivity and expanded reach. Exhibitor management tools and event staff management systems streamline operations, while virtual event platform technology offers flexibility and cost savings. Event marketing automation and event data analytics provide valuable insights for targeted promotional strategies. Event ticketing systems facilitate seamless registration workflow automation, with a projected industry growth of 10.5% by 2026.
Event sustainability practices, such as virtual booth technology and accessibility features, are gaining traction, enhancing the overall event experience. Event risk assessment, event gamification strategies, and event feedback mechanisms ensure continuous improvement and attendee satisfaction. Registration workflow automation, speaker management platforms, and event sponsorship management tools further optimize event planning and execution. Live streaming technology and venue booking software enable hybrid event management, catering to diverse audience preferences. Post-event analysis reporting and attendee engagement tools provide valuable insights for future improvements. For instance, a leading event organizer reported a 30% increase in lead generation through the implementation of a lead retrieval system at a recent conference.
These advancements underscore the continuous dynamism of the events industry, with ongoing innovation shaping its future applications.
How is this Events Industry segmented?
The events industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Corporate events and seminar
Music concert
Festival
Sports
Others
Source
Sponsorship
Ticket sale
Others
Revenue Type
Ticket Sale
Sponsorship
Food and Beverage
Advertising
Merchandise Sales
Membership Fees
Participation Fees
Media and Licensing Revenue
Others
Age Group
Below 20 Years
21 to 40 Years
Above 40 Years
Event Location
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
Geography
North America
US
Canada
Europe
France
Germany
Spain
UK
APAC
China
India
Japan
South America
B
In 2021, the global information technology (IT) industry's growth could be impacted positively by reaching new customer segments, whereas continued COVID-19 effects would still have a big negative impact on the industry growth. There is still too much uncertainty surrounding the pandemic for the IT industry to resume confident growth.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The Mexican retail industry is thriving, driven by a growing middle class, increased urbanization, and rising disposable incomes. With a market size of 94.40 million in 2025, the industry is projected to expand at a robust CAGR of 5.00% through 2033. Key drivers include the proliferation of e-commerce, the expansion of modern retail formats, and the growing popularity of private label brands. The industry is segmented into various product categories, including food and beverage, personal and household care, apparel, furniture, electronics, and automotive products. Distribution channels include hypermarkets, supermarkets, convenience stores, department stores, and specialty stores. Leading players in the market include Soriana SA de CV, FEMSA Comercio SA, Coppel SA de CV, El Puerto de Liverpool, Walmart International, and El Palacio de Hierro. The increasing adoption of omnichannel retailing, the rise of social commerce, and the growing emphasis on sustainability are key trends shaping the future of the Mexican retail industry. Recent developments include: March 2023 - Walmart opened 22 new stores across the state of Nuevo Leon as a part of an investment in the region’s infrastructure. Walmart made the decision during its 12th anniversary in Monterrey., January 2023 - Mexican retail conglomerate FEMSA (Fomento Económico Mexicano) launched Andretti Drive, a new app-enabled drive-thru coffee shop concept, in the northeast Mexican state of Nuevo León. FEMSA is the parent company of the OXXO convenience store chain, which has more than 20,000 outlets across Mexico, Chile, Colombia, and Peru. It also operates the Andatti coffee brand across the region.. Key drivers for this market are: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Potential restraints include: Easy Shopping Experience Drives The Market, Greater Inventory Options Drives The Market. Notable trends are: Growth of E-commerce Sector Drives the Market.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Robotics Market Report is Segmented by Robot Type (Industrial Robots, Service Robots, and More), Component (Hardware, Software, and Services), Application (Manufacturing and Assembly, Logistics and Warehousing, Medical and Surgical, and More), End-User Industry (Automotive, Electronics and Semiconductor, Food and Beverage, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Latex Saturated Paper Market report segments the industry into By Composition (Cellulose Fibers, Non-Cellulose Fibers), By Application (Construction Products, Packaging, Publishing & Bookbinding, Other Applications), and By Geography (North America, Europe, Asia, Australia and New Zealand, Latin America, Middle East and Africa). Five years of historical data and five-year forecasts are provided.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The Grape Industry size was valued at USD 215.17 Million in 2023 and is projected to reach USD 347.78 Million by 2032, exhibiting a CAGR of 7.10 % during the forecast periods. This surge is driven by factors such as the increasing popularity of hybrid seeds, government initiatives promoting vine cultivation, growing food security concerns, and technological advancements in vineyard management. Hybrid seeds offer several advantages, including enhanced disease resistance, improved yield, and extended shelf life, making them highly sought after. Key market players are actively involved in developing and commercializing innovative hybrid varieties. Recent developments include: November 2022: Cornell University in the United States rolled out its PhytoPathol Boots (PPB), which will be deployed to four grape breeding programs across the U.S. These autonomous robots will roll through vineyards, using computer vision to gather data on the physiological state of each grapevine, allowing breeders and growers to evaluate their vineyards leaf by leaf, in real-time, down to the chemical level., March 2022: Two newly released grape varieties, Sugrafiftytwo, an ultra-early ripening green seedless grape variety with a sweet Muscat flavor and firm, crisp texture, and Sugrasixty, a midseason ripening red variety with large berries and a tropical aroma with overtones of mango, were developed collaboratively between Cornell AgriTech and Sun World International, a global fruit genetics and licensing company.. Key drivers for this market are: Rising Demand for Milled and Broken Rice, Growing Preference for Speciality Rice Variety; Government Initiatives Supports Rice Production. Potential restraints include: Lack of Supply Chain for Rice, Growing Agricultural Labor Crisis. Notable trends are: The Growth of the Global Wine Industry is Driving the Grapes Market.
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The size of the U.S. Wine Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.47% during the forecast period. The U.S. wine sector covers the making, selling, and drinking of wine, which is a fermented drink created from grapes and various other fruits. Innovations in flavor, color, and packaging, along with the increasing popularity of niche markets and emerging wine regions like Oregon's Willamette Valley and New York's Finger Lakes, are fueling strong growth in the market. E. & J. Gallo Winery and Constellation Brands are dominant figures in the market due to their wide range of products and effective distribution networks. The market landscape is being shaped by the rise of high-quality and eco-friendly wines, as well as the growing use of online shopping. Consumer preferences for high-quality and diverse wine options support a positive outlook for the market, even amidst challenges like supply chain disruptions and competition from other alcoholic beverages. This increase highlights the important contribution of the wine sector to the U.S. economy and its opportunity for further growth. Recent developments include: March 2022: Meiomi Wines announced the release of the Red Blend, adding another flavor sourced from Meiomi's signature California regions. The company claims the product has the same premium taste that customers expect but with new, bold flavors and more options., February 2022: Ventessa by Mezzacorona launched a new wine brand for those seeking a naturally low-calorie wine option, thus, appealing to health-conscious consumers., May 2021: Treasury Wine Estates announced that the company had entered a long-term distribution agreement with Republic National Distributing Company (RNDC). The agreement will cover distribution in multiple markets in California with other states, including Texas, Louisiana, Oklahoma, Kentucky, Mississippi, Utah, Wyoming, and Nebraska.. Key drivers for this market are: Growing Awareness of Functional Benefits of Carotenoids, Consumption of Health and Wellness Products. Potential restraints include: High Processing Cost and Low Yield of Natural Food Colors. Notable trends are: Extensive Vineyard Area Anticipated to Strengthen the Market.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Global Unified Monitoring Industry is Segmented by Component (Solution, Services), Deployment (On-Premise, Cloud), End-user Vertical (BFSI, Healthcare and Life Sciences, Manufacturing, IT & Telecommunication, Retail, Other End-user Vertical), and Geography
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Fiber Reinforced Composites Market Report Segments the Industry by Fiber Type (Carbon Fibers, Glass Fibers and More), Matrix (Polymer Matrix Composites, Metal Matrix Composites, and More), Manufacturing Process (Pultrusion, Filament Winding, and More), End-User Industry (Aerospace and Defense, Automotive, and More) and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Value (USD).
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The global golf club heads market is a dynamic landscape characterized by continuous innovation and evolving consumer preferences. While precise market size figures are not provided, considering the presence of major players like Callaway, TaylorMade, and Ping, and a projected CAGR (let's assume a conservative 5% based on industry growth trends), a 2025 market size of approximately $2 billion USD is plausible. This market is segmented by application (professional vs. amateur) and type (woods, irons, others). The professional segment is likely to demonstrate higher growth due to endorsements and technological advancements driving demand for high-performance clubs. The "woods" segment currently dominates, owing to its importance in driving distance, but the "irons" segment is expected to maintain stable growth, driven by improvements in accuracy and control technologies. Emerging trends include the increasing popularity of custom-fitted clubs, lighter-weight materials for improved swing speed, and the integration of data-driven technologies to enhance performance analysis. These trends are pushing innovation in club design and materials, potentially driving premium pricing segments. Geographic distribution shows North America and Europe as major markets, though Asia Pacific is expected to exhibit considerable growth potential due to rising participation in golf, particularly in countries like China and India. The market faces restraints such as the relatively high price point of golf equipment, potentially limiting accessibility, and economic fluctuations impacting discretionary spending. However, the growing popularity of golf, coupled with technological advancements and marketing efforts focusing on improving player experience, is expected to propel market expansion in the forecast period (2025-2033). The competitive landscape is intensely competitive, with established players like Callaway, TaylorMade, and Ping continuously vying for market share through product innovation and strategic marketing. Smaller, specialized brands are also gaining traction by catering to niche segments and focusing on specialized technologies. The future growth of the market hinges on factors such as the continued popularity of golf, the development of increasingly sophisticated club technologies, and the successful penetration of new markets in regions with a growing golfing population. The focus on customized fittings and data-driven personalization strategies by manufacturers indicates a shift towards a more customer-centric approach, aiming to enhance user experience and drive market growth. This personalization trend, combined with technological advancements in club design and materials, is expected to maintain a healthy growth trajectory for the golf club heads market throughout the forecast period.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Key information about Kazakhstan Industrial Production Index Growth
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The global market for copper and aluminum cables is experiencing robust growth, driven by the expanding electricity, communication, and automotive sectors. The increasing demand for reliable and efficient power transmission and distribution infrastructure, coupled with the proliferation of high-speed internet networks and the electrification of vehicles, are key factors propelling market expansion. A conservative estimate, based on typical industry growth rates for related materials, places the 2025 market size at approximately $150 billion, with a compound annual growth rate (CAGR) of 5-7% projected through 2033. This growth is segmented across various applications, with electricity transmission and distribution maintaining a significant share, followed by communication cables and the rapidly expanding automotive and rail transit segments. Copper continues to dominate the market due to its superior conductivity, though aluminum, favored for its lighter weight and cost-effectiveness, is witnessing increased adoption, particularly in applications where weight is a critical factor, such as long-distance transmission lines and certain automotive components. Geographical distribution reflects established industrial bases and emerging markets. North America and Europe currently hold larger market shares, but rapid industrialization in Asia-Pacific, particularly in China and India, is fueling substantial growth in these regions. While the market enjoys favorable growth prospects, several restraints exist. Fluctuations in raw material prices, geopolitical instability affecting supply chains, and the increasing focus on sustainable material sourcing pose challenges to market expansion. Technological advancements, such as the development of high-temperature superconducting cables and the exploration of alternative materials, may also reshape the competitive landscape in the long term. Despite these challenges, the overall market outlook remains positive, with continued growth driven by the fundamental need for reliable and efficient power and communication infrastructure supporting global economic activity and technological progress. The competitive landscape is highly fragmented, with several major players vying for market share, and both mergers and acquisitions, and innovation in materials science will continue to shape the industry's evolution.
https://dataintelo.com/privacy-and-policyhttps://dataintelo.com/privacy-and-policy
The global spring washer market size in 2023 is estimated to be approximately USD 1.5 billion and is anticipated to reach USD 2.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period. One key growth factor driving this market is the increasing demand for durable and reliable fastening solutions across various industrial segments. As industries expand and new applications for spring washers are discovered, the demand for these components is expected to further escalate, particularly in sectors that require high-performance materials to ensure longevity and safety. This growth trajectory is supported by technological advancements and a growing emphasis on sustainability and efficiency.
A significant growth factor in the spring washer market is the booming automotive industry, which demands components that can withstand high stress and vibration conditions. Spring washers, known for their ability to maintain loads and counteract loosening due to vibrations, are increasingly used in the automotive sector to enhance vehicle performance and safety. Furthermore, as electric vehicles gain traction, the demand for spring washers is anticipated to rise, given their critical role in ensuring the reliability of electrical connections. The automotive industry's shift towards lightweight and energy-efficient vehicles necessitates the development of new spring washer types that can contribute to these goals, fueling market growth.
The aerospace industry is another pivotal driver for the spring washer market, with its stringent requirements for safety, reliability, and performance. Spring washers are essential in aerospace applications where components are subjected to extreme conditions, requiring materials that can endure thermal expansion and contraction. The increasing number of commercial and defense aircraft, coupled with the push towards more efficient and lightweight designs, is expected to bolster the demand for advanced spring washers. Additionally, the rise in space exploration initiatives offers new opportunities for specialized spring washer applications, further contributing to industry growth.
The industrial machinery sector also plays a crucial role in the expansion of the spring washer market, driven by the need for components that can ensure the stability and functionality of heavy machinery. As industries such as manufacturing and construction advance, the demand for high-quality, durable fastening solutions like spring washers becomes imperative. These washers help in maintaining the integrity of machinery under continuous use, reducing maintenance costs and downtime. Furthermore, the trend towards automation and the integration of smart technologies in industrial settings necessitate reliable components like spring washers, which directly influences market growth.
Locking Washers are another crucial component in the realm of fastening solutions, offering unique benefits that complement those provided by spring washers. These washers are designed to prevent loosening and maintain a secure connection under dynamic loads and vibrations, making them ideal for applications where safety and reliability are paramount. In industries such as automotive and aerospace, where components are subject to constant motion and stress, Locking Washers play a vital role in ensuring the integrity of assemblies. Their ability to provide a secure hold without the need for additional fastening elements makes them a preferred choice in various high-stakes environments.
From a regional perspective, the Asia Pacific region is expected to hold the largest market share during the forecast period, driven by rapid industrialization and the presence of large manufacturing hubs. Countries such as China and India, with their expanding automotive and industrial machinery sectors, are key contributors to this growth. Additionally, North America and Europe are anticipated to exhibit steady growth due to their strong aerospace and automotive industries. These regions are also investing heavily in research and development, leading to innovations in spring washer materials and designs, thus enhancing their market potential.
The spring washer market is segmented by type into Belleville, Wave, Crescent, Dome, and others, each offering unique characteristics and applications. Belleville washers, known for their high load-bearing capacity, are extensively used in applications requiring sig
While music streaming had been generating the vast majority of the global music market revenue for several years, in 2024, revenue from streaming also recorded the highest growth of all music segments, at *** percent. In fact, music streaming dominated the digital music market at the expense of other formats, such as downloads and other digital or physical sales who were the only segments shrinking in revenue in 2024.
https://www.technavio.com/content/privacy-noticehttps://www.technavio.com/content/privacy-notice
Data Entry Outsourcing Services Market Size 2025-2029
The data entry outsourcing services market size is forecast to increase by USD 206.8 million, at a CAGR of 6% between 2024 and 2029.
Major Market Trends & Insights
APAC dominated the market and accounted for a 40% growth during the forecast period.
By the Type - E-commerce products segment was valued at USD 152.00 million in 2023
By the End-user - BFSI segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 73.92 million
Market Future Opportunities: USD 206.80 million
CAGR : 6%
APAC: Largest market in 2023
Market Summary
The market continues to expand, driven by the increasing need for cost-effective solutions to manage growing data volumes and complexity. According to recent studies, the global data entry outsourcing market is projected to reach a value of USD27.6 billion by 2025, growing at a steady pace. This growth can be attributed to the ongoing automation of data entry processes and the adoption of cloud-based solutions, which enable businesses to outsource data entry tasks more efficiently. This trend is observed across various sectors, including finance, healthcare, retail, and IT, as businesses seek to streamline their operations and reduce operational costs.
Despite this growth, challenges such as data security concerns and the need for high data accuracy persist, making it essential for businesses to partner with reputable and experienced data entry service providers.
What will be the Size of the Data Entry Outsourcing Services Market during the forecast period?
Explore market size, adoption trends, and growth potential for data entry outsourcing services market Request Free Sample
Data entry outsourcing services have become an integral part of business operations, enabling companies to focus on core competencies without compromising data accuracy. According to recent reports, the market for these services currently accounts for over 15% of the global business process outsourcing industry. Looking ahead, growth is anticipated to exceed 10% annually, driven by the increasing demand for cost savings and efficiency gains. A comparison of key performance indicators highlights the significant impact of data entry outsourcing. For instance, companies can achieve up to 99% data entry accuracy, reducing errors and minimizing rework. Furthermore, turnaround times can be cut in half, ensuring swift project completion.
By outsourcing, businesses can also access a flexible workforce, allowing them to scale operations as needed. These improvements translate into substantial cost savings, with some estimates suggesting an average annual savings of 30% or more. This financial advantage, combined with the benefits of enhanced data security and improved quality, makes data entry outsourcing an indispensable solution for businesses seeking to optimize their operations.
How is this Data Entry Outsourcing Services Industry segmented?
The data entry outsourcing services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
E-commerce products
Invoices
Customer orders
Forms and documents
Others
End-user
BFSI
IT and telecom
Manufacturing
Healthcare
Others
Application
Large enterprises
Small and medium-sized enterprises
Customer Type
Long-term contracts
Short-term contracts
Geography
North America
US
Mexico
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Type Insights
The e-commerce products segment is estimated to witness significant growth during the forecast period.
Data entry outsourcing services have gained substantial traction in various industries due to the increasing volume and complexity of data. According to recent estimates, the market for data entry services is projected to expand by 15.3% over the next five years, with the business process outsourcing (BPO) sector accounting for a significant share. One of the primary drivers of this growth is the adoption of advanced technologies, such as keystroke monitoring systems and workflow automation tools, which streamline data entry processes and enhance productivity. Furthermore, project management methodologies, data governance frameworks, and risk mitigation plans ensure data accuracy and security, making outsourced data entry services an attractive option for businesses.
Compliance regulations, such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA), have also fueled the demand for data entry services.
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Learn about the steady growth of the stationery industry driven by personalized products, e-commerce accessibility, and sustainability initiatives. Discover how consumers are seeking unique, tailored, and eco-friendly stationery products in this competitive market.
https://www.expertmarketresearch.com/privacy-policyhttps://www.expertmarketresearch.com/privacy-policy
The cover glass market attained a value of USD 45.00 Billion as of 2024 and is anticipated to grow at a CAGR of 3.50% during the forecast period of 2025 to 2034. Growing applications of smartphones, tablets, and in-vehicle displays are fueling demand for high-durability, scratch-resistant cover glass for long-term life, premium looks, and improved touch functionality in next-generation digital and automotive applications. The market is thus expected to reach a value of nearly USD 63.48 Billion by 2034.
https://www.fortunebusinessinsights.com/privacy/https://www.fortunebusinessinsights.com/privacy/
The global food service market size was worth $3,486.58 billion in 2024 is projected to grow from $4,027.61 billion in 2025 to $6,810.86 billion by 2032
In November 2024, industrial production in Italy overall decreased by 1.5 percent compared to November 2023. Manufacturing of transport equipments and petroleum products recorded a drop by more than ten percent. On the contrary, electricity, and pharmaceuticals registered the highest growth rates. Impact on consumption and production The spring of 2020 recorded a very sharp decrease in industrial production and consumption. In terms of industrial production, some of the most impacted sectors by the coronavirus were the manufacture of textiles, apparel, leather, and accessories, as well as the manufacture of transport equipment. Similarly, consumption volume increased in March 2021 compared to one year ago. During the pandemic, the sectors of air transportation and leisure activities saw some of the largest drops in consumption. Recovery after COVID-19 Italy's economy has been strongly hit by the coronavirus pandemic, with Italy's GDP dropping consistently in 2020. Additionally, Italian exports are estimated to have decreased by over 15 percent. However, 2021 seems to be a year of recovery. The GDP is estimated to grow from three to four percent. The exports and imports are going to increase as well. Nevertheless, the next two years might experience an increase in unemployment rate, particularly during 2021.