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Household income increases, but savings decrease

2023-01-05T09:59:22.895Z


In the third quarter, the income of consumer households increased in nominal terms by 1.9% compared to the previous quarter, while final consumption grew by 4.1%. (HANDLE)


(ANSA) - ROME, 05 JAN - In the third quarter, the income of consumer families increased in nominal terms by 1.9% compared to the previous quarter, while final consumptions grew by 4.1%.

This is certified by Istat in its quarterly meetings, underlining that "the propensity to save of consumer families is estimated at 7.1%, down 1.9 points compared to the previous quarter".

And it has "dropped to lower levels than in the pre-covid period".

The purchasing power of households, held back by the growth in prices (+1.6% growth in the implicit consumption deflator), nevertheless grew on the previous quarter by 0.3%.


    Also in the third quarter of 2022, the tax burden was 42.7%, up by 1.9 percentage points compared to the same period of the


    Finally, the deficit improves, which stands at 4.7% of GDP (6.2% in the same quarter of 2021).

(HANDLE).


Source: ansa

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