Italian GDP Growth Revised Down to -0.3% in Q2


In the second quarter of 2013, Italy's seasonally and calendar adjusted gross domestic product contracted 0.3 percent with respect to the first quarter of 2013, down from a preliminary reading of -0.2 percent.

Compared to the first quarter of 2013, both final consumption expenditure and gross fixed capital formation decreased by 0.3 percent. Exports increased by 1.2 percent, while imports decreased by 0.3 percent.

Within gross fixed capital formation, investment in construction was down by 1.0 percent and in overall equipment decreased 0.2 percent. Investment in transport equipment expanded 4.0 percent.

Within consumption expenditure, household's final consumption contracted 0.4 percent while government spending was up by 0.1 percent.

Italian GDP Growth Revised Down to -0.3% in Q2


Istat | Nuno Fontes | nuno@tradingeconomics.com
9/10/2013 2:17:00 PM