Household income, consumer spending down at end of 2020

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(ANSA) – ROME, APR 2 – ISTAT said Friday that Italian
households’ incomes fell by 1.8% in the final quarter of 2020
with respect to the previous three months and their consumer
spending dropped by 2.5%.
    The national statistics agency said the propensity to save was
15.2%, up 0.5 of a percentage point on the previous quarter.
    It said Italy’s tax-to-GDP ratio was 52% in this period, the
highest level since the fourth quarter of 2014 (ANSA).


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