Italy GDP Contracts 0.1% in Q1
The Italian economy shrank 0.1 percent quarter-on-quarter in the first three months of 2014, down from a 0.1 percent expansion in the previous period and confirming initial estimates. Final figures showed domestic demand remains weak, dragged down by a fall in investment.
6/10/2014 10:30:57 AM
Quarter-on-quarter, final consumption expenditure increased by 0.1 percent; imports rose 0.3 percent and exports advanced 0.8 percent. In contrast, gross fixed capital formation decreased 1.1 percent.
Year-on-year, the GDP contracted 0.5 percent, unchanged from the preliminary estimates. Capital formation fell 1.3 percent; imports increased by 1.3 percent and exports by 3.3 percent.