Italy - Purchase power decreased in 2017 - September 30, 2018

The statistical office ISTAT published 2017 data on households’ income. The national agency said that, while disposable gross income increased 1.6% in nominal terms, this translated into an increase of just 0.5% in terms of purchase power - down from 1.2% in 2016 and 1.3% in 2015. Consumer spending increased by 2.6%, causing a drop of 0.9 of a point of the propensity to save to 7.7%. In a summary of the 2018 report, with data on 2017, it is noted that income inequality and absolute poverty have increased. The latter, according to preliminary estimates in 2017, affects 6.9% of households and 8.3% of residents (from 6.3% and 7.9% in 2016, respectively), almost 1.8 million households and 5 million individuals in absolute terms.

Read on: in English …   The annual report summary: in English …

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) or the Head of communications at the ETUI, Willy De Backer © ETUI


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