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.

The expansion was primarily 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 economy advanced 1.4 percent, below 1.6 percent in the previous period and marking the slowest growth since the first quarter of 2017.

The government forecasts 2018 growth at 1.5 percent which would be the same rate of 2017 and the strongest since 2010. In 2019, the GDP is seen slowing to 1.4 percent, mainly due to negative effect of planned increases in sales tax on the economy.

Italy GDP Growth Steady at 0.3% in Q1, Matches Forecasts


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/2/2018 11:01:12 AM