Italy: purchasing power falls 4.1%, biggest drop since 2000
Rome - ANSA
Household purchasing power in Italy fell 4.1% in the second quarter of 2012 compared to the same period in2012, the sharpest drop since 2000, Istat said Tuesday. It fell 1.6% between the first and second quarters of 2012, the statistics agency said. Households' inclination towards saving fell 0.6 points to 8.1% between the first two quarters of 2012, and by 0.5 points compared to the second quarter of 2011. GDP fell 0.8% in the second quarter of 2012 and 2.6% compared to the second quarter of 2011.
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