Confindustria warns of impact of spiralling gas prices

15/09/2022

Fashion manufacturing industry body Confindustria Moda has warned that rising energy prices are preventing companies, including in the leather sector, recover fully from the covid-19 pandemic.

Confindustria Moda president, Botto Poala, said in recent comments that companies were suffering because costs are increasing even between the time of taking an order and agreeing a price and the time of manufacture. 

“For this reason, the cost of making the product is not the same, but significantly higher,” he said.

He warned there was a danger of production costs becoming unsustainable.

“It is a pity,” he added, “because the energy price has halted a period of growth that began in 2021.”