Friday, December 26, 2014

Christmas, consumption collapsed by 5% spending cut of 8.2 billion – The Republic

Christmas, consumption collapsed by 5% spending cut of 8.2 billion – The Republic

MILAN – The Christmas 2014 closes with a general reduction in consumption of 5% over last year. The data comes from Codacons, that every year in the aftermath of the Christmas holidays provides official data on household expenses.
consumption related to Christmas (decorations, gifts, food, travel, catering, etc.) according to the association stopped this year at an altitude of 9.8 billion euro, a decrease of -5% on 2013 and a cut of 8.2 billion euro. Families, says Codacons, reacted to the crisis still in place in our country, limiting the costs of the typical festivities, also because of a December marked by a concentration of tax deadlines (Tasi, IMU, Tari, etc.). Not all areas have, however, affected by the climate of austerity: if sales are going very badly for clothing, footwear, furniture, decorations and travel sectors where the drop in purchases reached -10%, the sectors food, toys an d hi -tech have kept pace with respect to consumption of the past years.

“In recent years – warns the president of Codacons, Carlo Rienzi – there has been a dramatic collapse in consumption Christmas in Italy, fell from the pre-crisis period to date as much as 45.5%. Based to official data, in fact, in 2007, ‘the effect Christmas’, ie higher consumption for Christmas shopping done in the month of December at shops, supermarkets and shopping centers, amounted to EUR 18 billion. In 2014, instead spending of Italians throughout the Christmas period has stopped to 9.8 billion euro. This means that in 7 years the families of our country have cut their Christmas shopping for the big figure of 8.2 billion euro. “

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