Domenica, 23 Settembre 2018
ROME

Italian spending power drops 4.1%

English
© ANSA

(see related stories)
Rome, January 9 - The spending power of households
in recession-hit Italy fell by a massive 4.1% in the first nine
months of 2012 compared to the same period in 2011, Istat said
Wednesday.
A factor is the tax increases that led to Italian
disposable incomes being 1.9% lower in the third quarter of last
year than in the same three months in 2011, the national
statistics agency said.
Spending power has also been eroded by drops in real
incomes caused by inflation outstripping salary increases.
There was a positive note though.
While disposable incomes were down in the third quarter of
2012 compared to the same period in 2011, they were 0.5% up on
the second quarter of last year.

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