Italian households' purchasing
power increased by 1.1% in the first quarter of 2016 with
respect to the previous three months and by 2.3% compared to the
same period last year, Istat said Thursday.
The national statistics agency said this was the biggest
year-on-year rise since the second quarter of 2007.
It said the period of low and negative inflation that
Italy has recently was a big factor.
Italy's deficit-to-GDP ratio was 4.7% in the first quarter
of 2016, down 0.5 of a percentage point on the same period last
year, Istat said.
The agency's tables showed this to be the lowest level
since 2000.
Italy's tax-to-GDP ratio dropped to 38.9% in the first
quarter of 2016, down 0.2 of a percentage point on the same
period last year, Istat said.
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