ISTAT said Tuesday that Italian
household spending dropped sharply in the fourth quartet of 2022
with respect to the previous three months.
The national statistics agency said expenditure on consumer
durables and services fell by 1,9% and 1.5% respectively.
It said spending on non-durable items decreased by 1.3 for the
third consecutive fall.
Italy's GDP dropped by 0.1% in the last quarter of 2022 with
respect to the July-October period.
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