Lunedì, 22 Ottobre 2018
ROME

Consumer spending down again in April, say retailers

English
© ANSA

Rome, June 6 - Consumer spending in recession-hit
Italy fell 3.9% in April with respect to the same month in 2012
for the 17th year-on-year drop in the last 20 months, retailers
association Confcommercio said Thursday.
The association added that consumer spending was down 0.1%
in April compared to March and that it dropped 4.4% in the first
third of this year with respect to the first four months of
2012.
It pointed out that this is alarming as the figure for the
first third of 2012 was already 3.3% down on the same period in
2011.
"The deterioration of households' employment and income
conditions is causing demand dynamics that are even more
negative in this first part of 2013 than they were in the first
few months of 2012," read a report by the association.
Confcommercio said it was particularly worried about the
fall in spending on telecommunications goods and services, which
was down 2.5% in April with respect to March and 0.1% with
respect to April 2012.
Spending in this sector had frequently bucked the negative
trend in recent months and managed to rise.

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