Mercoledì, 17 Ottobre 2018

Retailers say 2012 was worst year since WWII


Rome, January 9 - Retailers association
Confcommercio said Wednesday that 2012 is set to go down as the
worse year for consumer spending in recession-hit Italy since
World War II.
Confcommercio said its consumer spending index continued a
downward trend in November, when it registered a 2.9% drop
compared to the same month in 2011 and a 0.1% fall with respect
to October.
"It is clear that 2012 is set to be remembered as the most
difficult year for consumer spending in the post-war period,"
Confcommercio said.
"The continuation of negative year-on-year results (in the
index) in the final months of 2012 shows that the crisis is
still very much present in the economic system...
"It unlikely that our economy in general, and consumer
spending in specific, will start to show signals of significant
improvement in the short term".

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