Percorso:ANSA.it > ANSA English > News

Italy consumer spending fell 5.4% in 2007-2012, report says

Business group Confesercenti says tax payments weakened

21 February, 15:46
Italy consumer spending fell 5.4% in 2007-2012, report says (ANSA) - Rome, February 21 - Spending by Italian consumers fell by 5.4%, or approximately 47 billion euros, between 2007 and 2012, according to new data released Friday by business association Confesercenti.

But Italians did not cut back in every area.

Spending on health, for example, increased by 8.2% in the period while spending on household goods and utility bills rose by 2.6%. In contrast, between 2007 and 2012, spending on clothing fell by 12.5% and transportation spending declined 22.7%. The effects of Italy's worst recession since the Second World War also had an impact on value-added taxes paid, the report said.

About 5.4 billion euros were cut from government revenues due to the weaker spending by Italians.

ALL RIGHTS RESERVED © Copyright ANSA