Apparel and Footwear Specialist Retailers in Italy - New Report Available
Domestic demand for apparel remains weak and is decreasing. The negative trend was driven by reduced household purchasing power leading to lowered Italian household consumption. The unemployment rate increased to 12% in general and 35% among young people in 2013, which demonstrates the difficulties faced by the Italian economy. This is due to a lower confidence index, higher tax level (officially up to 46.5%), a VAT increase from 20% to 22% and lower bank credit level.
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