News

Italian Economy Rebounds More than Expected
Italy's gross domestic product grew by a record 16.1 percent in the three months to September 2020, rebounding from an unprecedented contraction of 13 percent in the previous period and beating market consensus of 11.2 percent, a preliminary estimate showed. Growth was broad-based, with industry, services and agriculture all showing a rise in output. Year-on-year, the GDP shrank 4.7 percent, following a downwardly revised 17.9 percent contraction in the second quarter. Rome had expected growth to continue in the fourth quarter but this is now threatened by a resurgence of the coronavirus which has forced the government to impose new restrictions on business. ISTAT said that if GDP were to be flat quarter-on-quarter in the final three months of the year, full-year GDP would be down 8.2% compared with 2019.
Published on 2020-10-30

Italy GDP Contraction Revised Higher
Italy's GDP shrank by 12.8 percent on quarter in the three months to June 2020, compared to a preliminary reading of a 12.4 percent plunge and following a revised 5.5 percent contraction in the previous period. That was the steepest pace of contraction since comparable series began in the 1960s as the country was one of the hardest hit by the coronavirus pandemic. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th. Both consumer spending (-6.7 percent vs -4 percent in Q1) and gross fixed capital formation (-2.6 percent vs -1.4 percent) declined at a faster pace, while government expenditure went down 0.2 percent, the same as in the prior period. Also, external demand contributed negatively to the GDP (-2.4 percent). Year-on-year, the economy contracted a record 17.7 percent, entering a steep recession.
Published on 2020-08-31

Italy Posts Unprecedented GDP Slump in Q2
Italy's gross domestic product shrank by 12.4 percent on quarter in the three months to June 2020, following a revised 5.4 percent contraction in the previous period and compared to market expectations of a 15 percent fall, a preliminary estimate showed. That was the steepest pace of contraction since comparable series began in the 1960s as the country was one of the hardest hit by the coronavirus pandemic. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th.
Published on 2020-07-31

Italy Q1 GDP Contracts More than Expected
Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March. It follows a downwardly revised 0.2 percent contraction in the previous period, entering recession. It was the steepest contraction since comparable records began in 1995. Year-on-year, the economy contracted 5.4 percent, more than preliminary estimates of 4.8 percent decline and following a 0.1 percent expansion at the end of 2019.
Published on 2020-05-29

Italy Q1 GDP Contracts at Record Pace
Italy’s GDP shrank 4.7 percent on quarter in the three months to March of 200, following a 0.3 percent contraction in the previous month and entering a recession, preliminary estimates showed. It was the steepest contraction since comparable records began in 1995 and compared to market expectations of a 5 percent decline, as the country was severely hurt by the coronavirus pandemic during March. On the production side, contractions were seen in all main industries: agriculture, forestry and fishing, industry and services. From the demand side, both the domestic and external demand contributed negatively to the GDP. Year-on-year, the economy contracted 4.8 percent, the most since Q3 2009 and following a 0.1 percent expansion at the end of 2019.
Published on 2020-04-30

Italy Q4 GDP Contraction Confirmed
Italy’s GDP shrank 0.3 percent on quarter in the three months to December 2019, compared to a 0.1 percent growth in the previous period and in line with a preliminary reading, final estimates showed. It was the steepest contraction since Q1 2013, due to declines in household consumption (-0.2 percent vs 0.2 percent in Q3); gross fixed capital formation (-0.1 percent vs a flat reading) and government expenditure (-0.1 percent, the same as in Q3). On the other hand, net trade contributed positively to growth, with imports falling 1.7 percent (vs 1.1 percent) while exports edged up 0.3 percent (vs -0.2 percent). Year-on-year, the economy expanded 0.1 percent, slowing from a 0.5 percent advance in Q3 and compared to an early estimate of stagnation. Considering full 2019, GDP grew 0.3 percent, the least since 2014 but slightly better than government's forecast of 0.1%.
Published on 2020-03-04

Italian GDP Contracts The Most in 7 Years
Italy’s GDP shrank 0.3 percent on quarter in the three months to December 2019, compared to a 0.1 percent growth in the previous period and missing market expectations of a 0.1 percent expansion, preliminary estimates showed. It was the steepest contraction since Q1 2013, as a decline in gross inventories more than offset a positive contribution from net trade. On the production side, both agriculture, forestry and fishing and industry contracted while services stagnated. Economy Minister Roberto Gualtieri said that Q4 GDP was affected by outside factors including weather in November. Year-on-year, the economy stalled, after an upwardly revised 0.5 percent advance in Q3 and compared to market expectations of a 0.3 percent growth. Considering full 2019, GDP grew 0.2 percent, slowing from a 0.8 percent expansion in 2018 but slightly better than government's forecast of 0.1%.
Published on 2020-01-31

Italy Q3 GDP Growth Confirmed at 0.1%
Italy's economy grew 0.1 percent on quarter in the three months to September 2019, the same pace as in the previous period and in line with preliminary estimates. Increases in household consumption and government expenditure more than offset a decline in gross fixed capital formation and negative contribution from net foreign. Year-on-year, the GDP expanded 0.3 percent, after a 0.1 percent advance in the prior quarter and also matching flash estimates.
Published on 2019-11-29

Italy GDP Grows 0.1% in Q3, Beats Forecast of Stagnation
Italian 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. Domestic demand was the main driver of growth, while net external demand contributed negatively to the GDP. 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.
Published on 2019-10-31

Italy Economy Stalls in Q2
Italy's economy stagnated in the second quarter of 2019, following a 0.1 percent growth in the previous three-month period and compared to market expectations of a 0.1 percent contraction, a preliminary estimate showed. Both trade and domestic demand made zero contribution to growth. On the production side, declines in industry and agriculture sectors were enough to offset an expansion in services activity.
Published on 2019-07-31

Italy Q1 GDP Growth Revised Down to 0.1%
Italy's economy advanced 0.1 percent on quarter in the second quarter of 2019, slightly below a preliminary reading and market expectations of 0.2 percent, final estimates showed. It follows a 0.1 percent contraction in the previous period, emerging from its third recession in a decade. Industry and agriculture contributed to the increase in activity. Year-on-year, the GDP shrank 0.1 percent, after being unchanged in the prior quarter and missing market consensus of a 0.1 percent growth.
Published on 2019-05-31

Italy Returns to Growth in Q1
Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed. Industry, services and agriculture all contributed to the increase in activity. Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction.
Published on 2019-04-30

Italy Economy Recession Confirmed in Q4
Italy's economy shrank 0.1 percent on quarter in the last three months of 2018, the same as in the previous period and slightly above the 0.2 percent contraction previously estimated. Still, it was the second straight quarter of GDP decline, throwing the country into recession for the third time in a decade.
Published on 2019-03-05

Italy Economy Shrinks for 2nd Quarter in Q4
The Italian economy shrank by 0.2 percent on quarter in the three months to December of 2018, following a 0.1 percent contraction in the previous period and slightly more than market expectations of a 0.1 percent decrease, preliminary estimates showed. It was the second consecutive quarter of contraction, throwing the country into recession.
Published on 2019-01-31

Italy Economy Contracts for 1st Time since 2014
The Italian economy unexpectedly shrank 0.1 percent quarter-on-quarter in the third quarter of 2018, following a 0.2 percent growth in the previous period, the final estimate showed. It was the first contraction since the second quarter of 2014. Year-on-year, the economy advanced 0.7 percent, after a 1.2 percent expansion in the second quarter of the year and missing market consensus of a 0.8 percent growth. It was the weakest growth rate since the first quarter of 2015.
Published on 2018-11-30

Italy Economy Stalls for the First Time Since 2014
The Italian economy showed no growth quarter-on-quarter in the third quarter of 2018, following a 0.2 percent expansion in the previous period and below market expectations of a 0.1 percent growth, the preliminary estimate showed. It was the first time that the gross domestic product stalled since the last quarter of 2014. Year-on-year, the economy grew by 0.8 percent in the three months to September, slowing from a 1.2 percent expansion in the prior period and missing market expectations of 0.9 percent. It was the weakest growth rate since the second quarter of 2015.
Published on 2018-10-30

Italy Q2 GDP Growth Confirmed at Near 2-Year Low
The Italian economy grew by 0.2 percent on quarter in the three months to June 2018, in line with the preliminary reading and following a 0.3 percent expansion in the previous period. It was the weakest growth rate since the third quarter of 2016, as household consumption was almost unchanged and net exports contributed negatively to the expansion. On the other hand, there was a firm rebound in fixed investment and inventory changes contributed positively.
Published on 2018-08-31

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 mainly supported by domestic demand, including inventory accumulation, while trade flows were negative as imports rose faster than exports. 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.
Published on 2018-07-31

Italy Q1 GDP Growth Confirmed at 0.3%
The Italian economy grew by 0.3 percent on quarter in the first three months of 2018, in line with the preliminary reading and following an upwardly revised 0.4 percent expansion in the previous period. Growth was mainly driven by inventory changes and consumer spending while fixed investment contracted and net trade contributed negatively.
Published on 2018-06-01

Italy GDP Growth Steady at 0.3% in Q1, Matches Forecasts
The Italian economy advanced by 0.3 percent on quarter in the three months to March of 2018, the same pace as in the previous quarter and in line with market expectations. Output expansion was mainly driven by domestic demand as net external demand contributed negatively to growth, with imports being higher than exports. On the production side, services and agriculture expanded, while industry was broadly stagnant.Year-on-year, the gross domestic product expanded 1.4 percent, below 1.6 percent in the previous period but matching market expectations. It was the lowest growth since the first quarter of 2017 when the GDP advanced 1.3 percent.
Published on 2018-05-02