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Italy’s household consumption disposable income on rise in 2017

Italy’s household consumption disposable income on rise in 2017

ROME: Italian household final consumption expenditure rose by 2.5 percent in 2017 compared with the previous year, the National Institute of Statistics (ISTAT) said in on Friday.

In the same year, the gross disposable income of Italian families in current prices grew by 1.7 percent against 2016, and their propensity to save dropped by 0.7 points to 7.8 percent.

The growth of disposable income coincided with a 0.6 percent increase in the purchasing power of households, which marked “a slowdown compared to the trends in the previous 2-year period,” ISTAT wrote in an annual report on non-financial national accounts by institutional sector.

Italian families’ primary income — represented by the income from employment, plus rents of dwelling, and net interests and dividends — also increased by 1.9 percent overall last year. The main contribution to such growth came from the employment income, which grew by 1.3 percent, data showed.