Italian GDP Growth Confirmed in Q4


Italian economy returned to growth in the last three months of 2013. Final estimates confirmed the GDP advanced 0.1 percent on a quarter-on-quarter basis, driven by exports and a marginal recovery in investments.

Compared to the third quarter of 2013, final consumption expenditure was unchanged, gross fixed capital formation increased by 0.9 percent, imports by 0.2 percent and exports by 1.2 percent.

Domestic demand excluding inventories contributed 0.1 percentage points to the GDP growth: there was no contribution from household consumption and government expenditure but gross fixed investment was positive at 0.1 percent. Changes in inventories had a negative contribution (-0.4 percentage points), while net foreign demand made a positive contribution of 0.3 percentage points.

On the production side, agricultural output expanded 0.8 percent and industrial production excluding construction increased 0.1 percent. Services showed no growth and construction contracted 0.7 percent.  

With respect to the fourth quarter of 2012, the GDP growth was revised down to - 0.9 percent versus a preliminary 0.8 percent contraction. Final consumption expenditure decreased by 1.1 percent, gross fixed capital formation by 2.4 percent and imports by 0.1 percent, while exports increased by 1.0 percent.

Considering full 2013, the economy shrank a revised 1.8 percent, up from a preliminary 1.9 percent decline. 

Italian GDP Growth Confirmed in Q4


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
3/11/2014 9:45:12 AM