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) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI


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