Italy GDP Growth Beats Expectations in Q3


Italy's gross domestic product advanced 0.3 percent on the quarter in the three months to September 2016, after showing no growth in the previous period and beating market expectations of 0.2 percent expansion, preliminary estimates showed.

A positive contribution from domestic demand was enough to offset a negative impact from trade flows. On the production side, industry and services activity expanded, while agriculture contracted.

Compared with the same quarter a year earlier, the GDP advanced 0.9 percent, accelerating from a downwardly revised 0.7 percent expansion in the three months to June 2016 and beating market expectations of 0.8 percent growth.

The government expects full-year growth of 0.8 percent in 2016, roughly in line with last year's 0.7 percent rate. For 2017, the economy is expected to expand by 1 percent.

Italy GDP Growth Beats Expectations in Q3


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/15/2016 9:25:17 AM