Lunedì, 22 Ottobre 2018

Italian consumer spending down again in Feb, say retailers


Rome, April 4 - Consumer spending in recession-hit
Italy fell again in February, dropping 3.6% with respect to the
same month in 2012, retailers association Confcommercio said
The association said the decline was part of a trend that
has seen consumer demand for goods and services fall by around
25% in two year.
It added that it was not optimistic about seeing a
turnaround in the near future.
"Signals of a possible reversal of the trend in the short
term cannot be seen," Confcommercio said in a report.
The only positive note was the February's level of spending
was not lower than January's, according to the association.

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