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Tyre industry supporting €44 billion contribution to EU GDP – report

Author: Stephen Goodchild Comments: 0
(Source: ETRMA)

A report prepared for the European Tyre and Rubber Manufacturers’ Association (ETRMA) shows the extent of the European tyre industry’s contribution to the regional economy last year. This analysis by Oxford Economics shows that in 2023, the tyre manufacturing sector supported an estimated total contribution to the European Union’s GDP of around €44 billion and sustained almost 500,000 jobs across the region.

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