Italian household consumer spending
has fallen by 1.5% in the first quarter of this year, retail and
small-business group Confersercenti said Monday.
It has fallen by 2.7% since last summer, Confesercenti General
Secretary Mauro Bussoni told parliament in a hearing on the
government's DEF economic blueprint.
That is ab overall fall of some 6.6 billion euros, he said.
"Consumer spending has been confirmed as the element of greatest
fragility in the forecasting scenario and the DEF does not
devote specific attention to it," said Bussoni.
Household spending, he said, " is sadly not considered a
propulsive element of the post-pandemic recovery, a role
entrusted on the other hand to investments, also because of the
expected boost from the PNNR (post-Covid Recovery Plan)."
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