Economy of Italy is industry based and ranks fifth largest in the world as an industrial economy. Italy belongs to the G-8 industrialized nations and is a member of the EU and the OECD. Italy's economic strength however lies in the processing and the manufacturing of goods, primarily in small and medium-sized family-owned firms. Its major industries are precision machinery, motor vehicles, chemicals, pharmaceuticals, electric goods, and fashion and clothing. The business Italy tenders and Italy procurement notices are mostly from sewage services, software services, construction and consultancy services.