Italy GDP Grows in Q3, Beats Forecast of Stagnation
Italy's economy grew 0.1 percent on quarter in the three months to September 2019, the same pace as in the previous three-month period and compared to market expectations of a flat reading, a preliminary estimate showed.
10/31/2019 11:18:20 AM
From the demand side, growth was supported by domestic demand, in particular inventory changes; while net external demand contributed negaively to the GDP.
From the production side, an expansion in industry and service sectors was enough to offset a decline in agriculture.
Year-on-year, the GDP grew 0.3 percent in the third quarter, the most in a year and above market expectations of a 0.2 percent advance.
Italy's government expects GDP growth at 0.1 percent in 2019.