Italy consumer spending fell 5.4% in 2007-2012, report says
Business group Confesercenti says tax payments weakened21 February, 15:46
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.