Italian Economy Contracts 0.1% in Q3

The Italian GDP shrank 0.1 percent on quarter in the three months to September of 2014, matching preliminary estimates and dragged down by a fall in investment and government spending.

Gross fixed capital formation decreased 1 percent and government spending contracted 0.3 percent. Exports rose 0.2 percent while imports fell 0.3 percent. Consumer spending increased a meager 0.1 percent. 

The economy has posted either zero or negative growth in every quarter since the third quarter of 2011.

Year-on-year, the GDP contracted 0.5 percent, worsening from a 0.4 percent drop initially estimated. While gross fixed capital formation shrank 3.1 percent, consumer and government spending increased 0.4 percent and 0.2 percent respectively. Exports rose 1.3 percent but imports fell 0.7 percent. 

Italian Economy Contracts 0.1% in Q3

Istat | Joana Taborda |
12/1/2014 12:07:24 PM