Sabato, 22 Settembre 2018

Italian retailers say spending nosedive has stopped


Rome, September 5 - Retailers association
Confcommercio said Thursday that the collapse in consumer
spending has bottomed out, a sign that Italy may be emerging
from its longest recession in over two decades.
But the association also warned that a recovery in spending
levels was still "distant".
Confcommercio said its consumer-spending index was flat in
July with respect to June.
It also stressed, however, that the level of expenditure in
July was 2% down on the same month in 2012.
It added that spending was down 3.7% in the first seven
months of the year.

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