In June, the balance between registered and discontinued companies stood at +5,050 companies, exceeding the overall balance of 2020 (+4,404). Growth rate at +1.08%, also better than pre-Covid (+0.54% in 2019).
After an extremely difficult year, the business system transmits the first signs of confidence, recording a significant recovery in the first half of 2021: as of 30 June 2021 there are 16,994 new companies registered in Milan Monza Brianza Lodi (+37.4% compared to the same period of 2020) and the balance, among the companies registered and ceased – in surplus of 5,050 companies – exceeds that of the whole of 2020 (+4,404 companies).
Overall, in the territory of Milan Monza Brianza Lodi at the end of June there were 389,651 active companies up 1.6% compared to June 2020.
Encouraging prospects also from the forecasts on added value that indicate for 2021 a growth of 5.3% for Milan, +5.8% for Monza Brianza and +5.2% for Lodi. Recovery scenario, especially for the Lombard capital that last year paid a high price to the pandemic, losing 16 billion euros of added value, recording a decrease of -10.1% compared to 2019.
These are some of the data that emerged on the occasion of the event “Rethinking Milan beyond 2020” dedicated to the presentation of the annual report “Milano Produttiva”, produced by the Statistical Studies and Programming Service of the Chamber of Commerce of Milan Monza Brianza Lodi. The Report, now in its 31st edition, retraces in the first part the trend of the economy of the three territories in 2020, and proposes in the second part analyzes dedicated to possible transformations and new development paradigms, focused on sustainability and inclusion.
Carlo Sangalli, President of the Chamber of Commerce of Milan Monza Brianza Lodi, said: “The Milanese economy, in 2020, has been particularly affected by the Covid crisis, with a loss of added value of over 10%. Trade, tourism and services are the sectors most penalized. This year, thanks to the white zone, there is a return to growth, but the path to recover the lost ground is still long. It is necessary to go ahead with the vaccination campaign and relaunch Milan with the resources of the National Recovery and Resilience Plan, almost 5 billion, which we hope will be invested primarily in the strengthening of tangible and intangible infrastructures, such as ultra-broadband, in the revival of tourism at an international level and in favor of the innovation of the entrepreneurial system. However, the deadlines are very tight, because 70% of European funds must be committed by 2022 and the remaining 30% in the following year. This will certainly be the great challenge of the new municipal administration to rethink and relaunch the future of Milan”.
2020 is a difficult year to interpret for the performance of companies in the territory of Milan Monza Brianza Lodi. In fact, despite the pandemic, the balance between registrations and terminations is positive (+4,404 units), although in sharp deterioration on the 2019 figure (+6,725). This result derives on the one hand from the heavy contraction in registrations – from 30,670 in 2019 to 25,393 in 2020 (-17.2%) – and on the other hand, from the decrease in cancellations (-12.3% compared to 2019). Numbers that lead to a 2020 growth rate of +0.93%, a better figure than both lombardy (+0.30%) and national (+0.32%), but reduced compared to 2019 (+1.4%). With regard to active companies, at the end of 2020 there were 383,726 units in the territory of Milan Monza Brianza Lodi, an Italian record (with 7.5% of the national total), with Milan alone headquartered for over 305 thousand companies. This result despite a decrease of -0.4% (compared to 2019), in line with that of Lombardy, and in contrast to the national figure (+0.2%).
As of June 30, 2021, the data show a restarting entrepreneurial system: new registrations are 16,994, equal to +37.4% compared to the same period last year (12,370), standing almost at the pre-covid levels of the first half of 2019 (17,313, -319 in absolute values).
A positive trend that is reflected in the balance of birth-mortality: in the first half of 2021 it amounted to +5,050 companies (with the decisive contribution of Milan, +4,119), in clear recovery compared to the negative result of the first half of 2020 (-80). Results that attest to the growth rate of the 1st half of 2021 at +1.08%, compared to -0.02% in the first six months of 2020 and +0.54% in the first half of 2019.On a sectoral level, as at 30 June 2021, in the Milan Monza Brianza Lodi area there was a good growth in service companies (+2.8%) which has always been a leading sector in our territory. Trade also returned to positive territory (+0.3%) after the 2020 stop, while the manufacturing industry remained suffering (-2.6%). The expansive trend of construction companies continues and strengthens (+2.5%). Among the companies that recorded the best performance, innovative start-ups grew by 10.4% compared to July 2020, confirming the Italian leadership of Milan as a fertile ground for the development of this type of companies.