Italian GDP Growth Eases To 0.2% In Q4

Italy's gross domestic product advanced 0.2 percent on quarter in the three months to December 2016, easing from a 0.3 percent growth in the previous period and in line with market expectations, the preliminary estimate showed.

The expansion was driven by domestic demand, while trade flows were a drag on growth. On the production side, industry and services activity expanded, while agriculture contracted.

Compared with the same quarter a year earlier, the GDP advanced 1.1 percent, the same as in the third quarter and also in line with market expectations.

In 2016, the GDP advanced 0.9 percent, the most in six years, following a 0.7 percent increase the year before and slightly better than 0.8 percent projected by the government. For 2017, the economy is expected to expand by 1 percent.

Italian GDP Growth Eases To 0.2% In Q4

Istat | Joana Ferreira |
2/14/2017 1:07:02 PM