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.
From the demand side, both trade and domestic demand made zero contribution to growth.
From the production side, declines in industry and agriculture sectors were enough to offset an expansion in services activity.
Year-on-year, the GDP was unchanged in the second quarter, following a 0.1 percent fall in the previous three-month period and compared to market expectations of a 0.2 percent contraction.
Italy's government expects GDP growth at 0.2 percent in 2019, slowing from 0.9 percent in 2018.
7/31/2019 10:14:49 AM