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Consumer spending up for third straight year in 2016

by Claudio Celio

Consumer spending of Italian Households in Italy from 2011 to 2016

Y/Y %. (Source: Istat)

Consumer spending of Italian families increased in 2016 for the third year in a row. According to figures from national statistics office ISTAT, consumption of families increased by 1.3% in 2016 after a 1.5% rise in 2015, with growth therefore slowing slightly compared to the previous 12 months.

In detail, spending on goods consumption rose 1.8% in 2016, while spending on services rose 1.0%. In terms of functions of consumption, the biggest increases in volumes concerned spending on transport (+5.3%), hotels and restaurants (+2.9%), housing (+1.3%) and recreation and culture (+1.2%).