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Purchasing power falls 4.1%, biggest drop since 2000

Propensity to save down 0.6 points

09 October, 11:58
Purchasing power falls 4.1%, biggest drop since 2000 (ANSA) - Rome, October 9 - Household purchasing power in Italy fell 4.1% in the second quarter of 2012 compared to the same period in 2012, the sharpest drop since 2000, Istat said Tuesday.

It fell 1.6% between the first and second quarters of 2012, the statistics agency said.

Households' inclination towards saving fell 0.6 points to 8.1% between the first two quarters of 2012, and by 0.5 points compared to the second quarter of 2011.

GDP fell 0.8% in the second quarter of 2012 and 2.6% compared to the second quarter of 2011.

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