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Spending power of Italian households drops 2.6% in 2013

Budget for food down 3.1%

03 March, 13:22
Spending power of Italian households drops 2.6% in 2013 (see related) (ANSA) - Rome, March 3 - The spending power of households in recession-hit Italy shrank 2.6% in 2013, remaining weak after the 4% drop registered the previous year, Istat said on Monday.

Food spending contracted 3.1%, the budget for healthcare was reduced by 5.7% while spending for clothing fell 5.2%.

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