In the third quarter of 2012 household income and consumer spending slip. According to data released by Istat, in fact, household disposable income in current values, despite the 0,5% increase compared to the previous quarter, fell on an annual basis by 1,9%.
Worse still was the trend in household expenditure for final consumption which, again in the third quarter, showed a contraction of 0,4% compared to the previous quarter and an even sharper one, of 2,2%, on an annual basis.
Non-financial companies are also bad. Still according to Istat data, in fact, in the third quarter their profit share showed a slight increase of 0,3% on the previous quarter, recording, however, a contraction of 2,4% on an annual basis.
The investment rate, on the other hand, fell by 0,3% to 20,3% on the quarter, while the decline recorded compared to the same period of the previous year was 1,9%.
