Italy GDP Growth Confirmed at 0.3% QoQ in Q3

Italy's gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent growth in the June quarter and in line with preliminary estimates. Positive contributions from domestic demand offset a decline in net exports.

In the third quarter, domestic demand contributed 0.3 percentage points to growth (from +0.1 percentage points in the preceding quarter). Private consumption, investment and inventory accumulation each contributed 0.1 percentage points to quarterly growth. Government spending gave no contribution to growth. Net exports contributed negatively to growth (-0.1 percentage points from +0.3 percentage points).

Compared to the same quarter a year earlier, the GDP advanced 1.0 percent, slightly faster than earlier projections of a 0.9 percent growth.

For 2016, the economy is predicted to grow by 0.8 percent, lower than previous estimates of 1.2 percent expansion made in September.

Italy GDP Growth Confirmed at 0.3% QoQ in Q3

Istat l Rida Husna |
12/1/2016 12:12:17 PM