Italian GDP Grows at Slowest Pace This Year


The Italian economy advanced by 0.2 percent on quarter in the three months to September, slowing from a 0.3 percent expansion in the previous period and staying below expectations of 0.3 percent growth. It was the third consecutive quarter of growth, yet the pace of acceleration has slowed significantly, preliminary estimates showed.

Growth in the third quarter was based on stronger domestic demand, while net exports continued to drag the expansion down. On the production side, there was an increase in the value added in agriculture, industry and services sectors.

Year-on-year, the GDP grew 0.9 percent after expanding by an upwardly revised 0.6 percent in the previous quarter.

Italian national statistics agency raised its full year growth projections to 0.9 percent and to 1.4 percent in 2016 and 2017 on November 5th, as domestic demand is expected to be the main driver of expansion. The forecast for this year is in line with the government's, but the data for the following two is 0.2 p.p. lower.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/13/2015 9:53:44 AM