Household consumption expenditure in the EU decreased by an unprecedented 8% in 2020 compared with 2019. Largest decreases were for Restaurants and hotels (-38%) while the largest increases were for Food and non-alcoholic beverages (+3%).
Household consumption expenditure in the EU decreased by an unprecedented 8% in 2020 compared with 2019. Largest decreases were for Restaurants and hotels (-38%) while the largest increases were for Food and non-alcoholic beverages (+3%).
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In 2020 over a quarter (26%) of household consumption expenditure was devoted to ‘Housing, water, electricity, gas and other fuels’, making it the EU’s largest household expenditure item, ahead of ‘Food and non-alcoholic beverages’ (15%) and ‘Transport’ (12%).
[Source](https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20211119-1).
It’s kinda like restaurants and hotel were closed for a year and a half, crazy
Stop the presses, this just in; people spent less money when businesses were closed.