Italian Economy Contracts in Q1


Italian GDP unexpectedly declined 0.1 percent in the first quarter of 2014, following a meager 0.1 percent growth in the previous three months, hurt by a fall in industrial production.

Preliminary estimates showed that agricultural output increased slightly, services showed no growth and industry shrank.

Year-on-year, the GDP shrank 0.5 percent, slower than a 0.9 contraction reported in the previous quarter, but marking the tenth consecutive quarter of decline. 

Italian Economy Contracts in Q1


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2014 9:53:38 AM