Italian Food Expenditure Rises 2.5% In First Half Of 2017
Italian food expenditure has risen 2.5% in the first half of 2017, according to data from research organisations ISMEA and Nielsen, marking the highest increase in a decade.
Farmers' association Coldiretti said that food spending is the main household expense in Italy, generating around €215 billion annually, and therefore these results are an important indicator of the state of the economy.
In addition, the organisation notes that the recovery of the domestic market has been accompanied by an increase in food exports, growing by 10.9% year-on-year in 2016 to €38.4 billion.
Coldiretti concluded that this trend has been driven by positive economic conditions and by the demand for 'Made in Italy' products.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Francesca Volpe. Click subscribe to sign up to ESM: The European Supermarket Magazine.