Rome

Italian spending power fell 5% between 2007 and 2011

Some 6.7 million people in economic difficulty in Italy

Italian spending power fell 5% between 2007 and 2011

(see related piece on Italy's GDP) Rome, March 11 - Italian households' spending power dropped 5% between 2007 and 2011, a joint report by national statistics agency Istat and the National Council of Economy and Labour (CNEL) said Monday. The report said that the indicator of people in serious economic difficulty increased from 6.9% in 2010 to 11.1% in 2011, which suggests the number of those in dire straits went up by 2.5 million to reach 6.7 million.

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