In the second quarter, GDP grew a seasonally and working-day adjusted 0.3% over the previous quarter, according to the first estimate released by the National Statistics Office (ISTAT) on 5 August. The reading was an improvement compared to the 0.1% expansion recorded in the previous quarter and matched market expectations of a 0.3% rise. According to ISTAT, the quarterly reading reflected an improvement in the industry and services sectors, while agriculture deteriorated compared to the previous quarter. That said, the economy expanded 0.8% over the same quarter the previous year, which was down from the 1.0% rise recorded in the first quarter. The Bank of Italy (BoI) recently raised its growth forecast for this year, from a previously estimated 0.9% to the current 1.0%. However, the BoI maintained its growth forecast for 2012 at 1.1%.
GDP picks up in second quarter
August 5, 2011
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Italy Economic News
October 14, 2016
According to revised data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% from the previous month in September.
October 10, 2016
In August, industrial output increased 1.7% from the previous month, accelerating from July’s revised 0.7% increase (previously reported: +0.4% month-on-month).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.8 in August to 51.0 in September, taking it above the 50-threshold that separates expansion from contraction in the manufacturing sector. September’s result mainly reflected a return to growth in new orders, which, in the previous month, had dropped slightly for the first time in over one-and-a-half years.
September 30, 2016
According to provisional data released by the Italian Statistical Institute (ISTAT), consumer prices fell 0.2% over the previous month in September, contrasting August’s 0.2% increase and marking the lowest result in seven months.
September 28, 2016
The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, increased from a revised 99.5 in August (previously reported: 99.4) to 101.0 in September. All four categories of the indicator improved compared to August.