Florence holidays photo copyrighted by: Brian McMorrow The economy of Florence is based mainly on the services sector, as the city is an important commercial centre. The traditional centuries-old banking and financial
sector continues to flourish. Tourism and crafts (jewelry, embroidery, footwear, leatherwork, ceramics, wrought-iron and basket work, lace and reproduction furniture) provide considerable sources of income. The city is an active centre of culture, and organizes periodical exhibitions and art festivals. Industry, though
consisting generally of small and medium-sized firms, has fairly important
precision engineering, optical, pharmaceutical, chemical, metallurgical, publishing and textile sectors.
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