Italian Economy Barely Expands in Q4

The Italian economy advanced 0.1 percent on quarter in the three months to December of 2015 compared to a 0.2 percent expansion in the previous period while missing market expectations of 0.3 percent. It was the fourth consecutive quarter of growth, yet the pace of acceleration has slowed for the third straight period, preliminary estimates showed.

Contrary to what happened in the previous three quarters, growth was based on higher exports while domestic demand dragged the expansion down. On the production side, there was an increase in the value added in agriculture and services sectors while industry shrank.

Year-on-year, the GDP grew 1 percent after expanding by 0.8 percent in the previous quarter, but missing market expectations of 1.2 percent.

Considering full 2015, the economy advanced 0.6 percent from 2014, staying below consensus of 0.9 percent growth. Yet, it was Italy's first year of growth after a three-year recession

Italian Economy Barely Expands in Q4

Istat | Joana Ferreira |
2/12/2016 9:34:05 AM