Domenica, 21 Ottobre 2018

Italian households' spending power fell 4.8% in 2012


(see related story on real income)
Rome, April 9 - The spending power of households in
recession-hit Italy fell 4.8% in 2012 with respect to the
previous year, Istat said on Tuesday.
Factors include government tax hikes eating into disposal
income and price rises outstripping increases in salaries to
cause real incomes to fall.
The national statistic agency said the fall in spending
power was even higher in the last quarter of 2012, when it was
down 5.4% on the same period in 2011.
It added that consumer spending was 1.6% lower in 2012 than
in 2011 and that Italians' propensity to save money had fallen
to its lowest level since records on this began in 1990.
It said 8.2% of Italian households' earnings were saved in
2012, down 0.5% on 2011.

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