Style-conscious Italians cut back on fashion
The Local Italy - [email protected] •
18 Oct, 2013
Updated Fri 18 Oct 2013 12:48 CEST
Italians are continuing to tighten their belts amid the country's longest recession in over two decades, with two out of three, or 68 percent, cutting back on buying clothing this year.
Fifty-three percent have also scaled back on holidays and technological gadgets, according to a report released on Friday by Coldiretti, the farmer’s association, in cooperation with polling institute, Ixe’.
While only 14 percent are spending less on food, the report found that the consumption of “low-cost” food has grown by 47 percent.
Almost half of those polled, or 49 percent, had cut back on nights out, while 42 percent did not renovate their home and 40 percent did not buy a new car or motor scooter.
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Fifty-three percent have also scaled back on holidays and technological gadgets, according to a report released on Friday by Coldiretti, the farmer’s association, in cooperation with polling institute, Ixe’.
While only 14 percent are spending less on food, the report found that the consumption of “low-cost” food has grown by 47 percent.
Almost half of those polled, or 49 percent, had cut back on nights out, while 42 percent did not renovate their home and 40 percent did not buy a new car or motor scooter.
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