- Confcommercio: in 2020 there was a drop in consumption of 84 billion
- Istat, household savings rise to 8.1%, but consumption is slowing down
Share
June 9, 2020 Preliminary estimates for the first quarter of 2020 show that the measures to contain the spread of Covid-19 have produced a decrease of about 4% of the average monthly expenditure compared to the same period of the previous year ". Thus Istat in the report on household consumption. In particular, it is underlined that "the marked reduction in retail supply and commercial demand led to a decrease in expenses other than those for food and housing by more than 12% compared to the first quarter 2019 ".According to the report, in 2019, the estimate of the average monthly expenditure of households resident in Italy is 2,560 euros per month in current values, "substantially unchanged" compared to 2018 (-0.4%) and "always far from 2011 levels ( € 2,640 per month), which was followed by two years of strong contraction not recovered in the following years ".
In real terms, considering the dynamics of inflation, the average monthly expenditure of households in 2019 dropped by 1.0%, "decreasing for the second consecutive year after the moderate positive dynamics observed from 2014 to 2017". In 2019, the estimate of the average monthly expenditure of households residing in Italy of € 2,560 per month in current values, "substantially unchanged" compared to 2018 (-0.4%) and "always far from the levels of 2011 (€ 2,640 per month), which was followed by two years of strong contraction not recovered in the following years ". To make the picture the report on the consumption of Istat.