Italian GDP Grows for the First Time in Six Quarters


The Italian economy advanced 0.3 percent on quarter in the first three months of 2015, matching preliminary estimates and marking the first expansion since mid-2013. Investments were the main driver of growth while private consumption and net external demand contributed negatively.

Gross fixed capital formation was the main driver of growth (up 1.5 percent), mainly due to rise in investment in construction (0.5 percent) and transport equipment (up 28.7 percent). Government spending edged up 0.1 percent while household consumption shrank 0.1 percent. Exports showed no growth and imports increased 1.4 percent.

Year-on-year, the economy advanced 0.1 percent, compared to a preliminary estimate of no growth.

For 2015, the government expects the economy to expand 0.7 percent, following a 0.4 percent contraction in 2014.

Italian GDP Grows for the First Time in Six Quarters


Istat | Joana Taborda | joana.taborda@tradingeconomics.com
5/29/2015 10:26:42 AM