The purchasing power of Italian families is still falling. To detect the decline is Istat, which communicates that in the first six months of the year the purchasing power has marked a decrease of 1,7% on an annual basis. Taking inflation into account, the figure for the second quarter of 2013 shows a reduction of 0,7% on a quarterly basis and of 1,3% on a trend basis.
Also in the second three months of the year, the disposable income of consumer households in current values decreased net of seasonal factors by 0,6% compared to the previous quarter. On the other hand, the change on an annual basis is minimal, +0,1%.
In comparison with the second quarter of 2012, the propensity to save of consumer households increased, measured net of seasonal factors, which stood at 9,4%, up by 1,7%. Compared to the previous quarter, however, the figure is down by 0,2%.
Household expenditure on final consumption, expressed in current values, fell by 1,8% on an annual basis and by 0,3% compared to the previous quarter. The household investment rate, equal to 6,3%, remained unchanged compared to the previous quarter, but contracted by 0,3% on an annual basis.
Similar speech for the profit share (38,4%) and the investment rate (19,5%) of non-financial companies, unchanged compared to the first quarter, but down by 1,2% and 0,8 respectively, XNUMX%, on an annual basis.
