Bank of Italy: household expectations and spending propensity improve

(ANSA) - ROME, NOVEMBER 17 - The expectations of families on the Italian economy are improving. This is what the Bank of Italy writes in its Covid notes. "The propensity to spend is recovering in the most affected sectors, including hotels, bars and restaurants" and "caution in spending prospects, especially among the less well-off". For the central institute "The balance between expectations of improvement and worsening of the economic and employment situation is positive for the first time since spring 2020; families that foreshadow a worsening have dropped by more than 10%". About a third of families say they have managed to put aside some savings since the start of the pandemic;the share is higher for inuclei whose head of the family is a graduate The percentage of families who believe they will be able to save in the next twelve months has remained substantially stable, at 44 per cent (ANSA).