“The measure is simpler and is encouraging a recovery in investment decisions, confirming the idea that when the rules are clear, business projects get started. Although the real test, after the tail of plans that had been frozen precisely awaiting the actual enactment of the regulation, will be in the third and fourth quarters of the year.”
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Bruno Bettelli, president of Federmacchine, is in a privileged vantage point to assess the impact and scope of the measure, representing the trade associations of plant engineering manufacturers, 5,000 companies responsible for 52 billion in revenues, generated with goods that are largely the subject of the new incentive: among machine tools and packaging lines, frames and kilns for tiles, or plants to process every type of material. “The first data,” he explains, “are encouraging and I must say that the unlocked orders concern not only machine tools but also other production processes. However, the enthusiasm will only materialize after some time, considering that in these months, as seen in the internal order data, many investment decisions have been postponed, precisely awaiting the actual enactment of the new regulation.”
As happened for the machine tool sector, the numbers of the expanded perimeter of Federmacchine show that despite holding international orders, which grew by almost two points in the first half, domestic orders decreased by 9.2%, by over ten points in the April-June quarter.
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Deadlock broken on June 12 with the launch of the Gse platform for bookings, although the forms are still missing for those who have already completed the investment and need to finalize the request to the tax authorities. “In fact, some of our member companies have already completed the installation of the new plants and are waiting to complete the process; the last mile is still missing. I must say that the start of the Mechanical working group with Mimit is also an important and not merely formal step to discuss these issues with rationality and method. Considering the delays in the start of the measure compared to the Budget Law, for example, we have repeatedly asked to consider extending the regulation beyond the currently scheduled expiration in September 2028, to restore the initially planned time frame. On this point, I am confident, also because since this is a rule that works with national funds, the European constraints we have seen in the past are either not present or are less stringent.”
While the multi-year duration of the measure, long requested by companies to allow programming investment choices, is welcomed, the critical issue remains related to the exclusion from the incentive of certain types of software.
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