(ANSA) - ROME, 17 NOV - Retailers association Confcommercio
said Tuesday that, after the strong growth registered in the
third quarter following the first wave of the COVID-19
emergency, consumer spending plunged again in October, dropping
8.1% compared to the same month in 2019.
It said tourism-linked businesses were hardest hit, with
recreation services down 73.2%, hotels down 60% and bars and
restaurants down 38%.
Confcommercio forecast a 7.7% drop in Italy's GDP in November
with respect to October and a 12.1% fall compared to the same
time last year. (ANSA).
Consumer spending plunged 8% in October say retailers
Tourism-linked businesses hardest hit.
