Italy Economy Shrinks for 2nd Quarter by 0.2% in Q4

The Italian economy shrank by 0.2 percent on quarter in the three months to December of 2018, following a 0.1 percent contraction in the previous period and slightly more than market expectations of a 0.1 percent decrease, preliminary estimates showed. It was the second consecutive quarter of contraction, throwing the country into recession.

The quarterly contraction was mainly due to a fall in domestic demand, which more than offset a positive contribution from net trade. 

On the production side, both agriculture, forestry and fishing sectors and industrial sector shrank, while the service sector had been “substantially stable”.

Year-on-year, the economy advanced 0.1 percent in the fourth quarter, compared with a downwardly revised 0.6 percent expansion in the previous three-month period and missing market expectations of 0.3 percent. It was the slowest pace of expansion since the third quarter of 2014, when the economy stalled. 

Italy Economy Shrinks for 2nd Quarter by 0.2% in Q4

Istat | Agna Gabriel |
1/31/2019 2:31:19 PM