Italy Returns to Growth in Q1

Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed.

From the demand side, net exports contributed positively to the GDP growth, while domestic demand, including gross of change in inventories, had a negative contribution.

From the production side, industry, services and agriculture all contributed to the increase in activity.

Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction.

Italy Returns to Growth in Q1

Istat | Joana Ferreira |
4/30/2019 10:23:51 AM