In 2015 the purchasing power rose 0.8% – Il Sole 24 Ore

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This article was published April 5, 2016 at 6:29.

the purchasing power takes breath, posting the first rise in eight years. Istat showed an increase of 0.8% in 2015 which is like a little shot in the arm for the Italians who, not surprisingly, have increased consumption.

From quarter to quarter reading of data released yesterday by Istat is evident as good news for the wallets of families are the result of the first nine months of the year. In the last three there was instead a fall at least economic level (-0.7% for the purchasing power and -0.6% for current income). From the Institute it is clarified that there is a causative factor in the downside but it was a bad bounce, a technical adjustment given the sustained growth in previous months. Anyway, the annual result is an increase in purchasing power, thanks to a 0.9% tax (against an imperceptible + 0.1% inflation). From every quarter they take, however not disappoint spending, which closed the year at + 1%. The propensity of families to put aside savings remains immobilized to 8.3%. And not even moving the rate of investment even though the housing market has awakened, and prices start to suffer. Always Istat fact notes that the brick is become a bit ‘less economical: in 2015 the fall in house prices has stopped to -2.4% (from -4.4% the year before) but lost ground during the years of crisis still it represents a prairie, so that compared to 2010 the lists are lower by 13.9%. In 2015 the profit share of non-financial corporations was 40.6%, down 0.1 percentage points compared to 2014, while the investment rate of non-financial corporations declined in 2015 to 18.4%, with a reduction of 0.3 percentage points.

In terms of public finances (see other article), the only change is the upward revision in the tax burden for 2015, the estimate of last month was lifted by 0.2 points, but the figure was down on 2014. the correction is explained by the action Save-banks: the resources coming from the Italian banking system to the national resolution Fund (2.3 billion) were classified as ‘direct taxes’, while , explains the Mayor, “the funds transferred by the Fund to cover the losses of commissioner banks (about 1.7 billion) were accounted for within the exits.” The state’s outlay is in fact down if you look at the spending on interest paid on debt (-7.9%).

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