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Italian spending power plunges to lowest level since 1990

Disposal incomes, propensity to save also down

03 October, 11:35
Italian spending power plunges to lowest level since 1990 (ANSA) - Rome, October 3 - The spending power of households's in recession-hit Italy dropped 4.7% last year, taking it down to its lowest level since Istat starting using its current calculation method in 1990, the national statistics agency said Thursday.

Istat said disposable incomes dropped 2% in 2012 and Italians' propensity to save money fell to the lowest level in 22 years.

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