New Report Available: Luxury Cigars in Italy
The economic crisis affecting Italy had a negative impact on sales of luxury cigars in the country, which mainly accounts for domestic demand. Italian consumers were affected by the poor economy in 2013, as well as by the political uncertainty, which reduced their confidence. For 2013, ISTAT (The National Institute of Statistics) recorded a nearly 2% decrease in GDP in Italy. This expectation, together with a further increase in VAT in 2013, affected sales of luxury cigars. Italian consumers...
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