Italy Q2 GDP Growth Weakest in Nearly 2 Years

The Italian economy grew by 0.2 percent on quarter in the three months to June 2018, following a 0.3 percent expansion in the previous period and matching market expectations. It was the weakest growth rate since the third quarter of 2016.

Growth was driven by domestic demand, including inventory changes; while net trade contributed negatively to GDP growth as imports rose faster than imports.

On the production side, industry and services expanded, while agriculture contracted. 

Year-on-year, the economy grew by 1.1 percent in the second quarter, compared with 1.4 percent in the previous three-month period and missing market expectations of 1.2 percent. It was the slowest pace of expansion since the fourth quarter of 2016.

Italy Q2 GDP Growth Weakest in Nearly 2 Years

Istat | Joana Ferreira |
7/31/2018 10:19:19 AM