Italian Economy Expands 0.2% In Q1, Matches Expectations


The GDP in Italy advanced a meager 0.2 percent on quarter in the first three months of 2017, the same as in the previous period and in line with expectations. The economy continues to underperform most of its partners in the Euro Area as external demand dragged down on growth, preliminary estimates showed.

On the expenditure side, internal demand was the main driver of growth, namely gross inventories while net trade made a negative contribution. On the production side, agriculture and services increased while the industrial sector contracted.

Year-on-year, the economy advanced 0.8 percent, below 1 percent in the previous quarter but matching forecasts. The GDP is expected to expand 1.1 percent in 2017 according to government estimates. 

Italian Economy Expands 0.2% In Q1, Matches Expectations


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
5/16/2017 9:41:17 AM