Italy: Economy grows at the fastest pace in four years in Q1 2015
May 13, 2015
In the first quarter of this year, GDP grew 0.3% over the previous quarter in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (ISTAT) on 13 May. The result came in above both the flat growth tallied in Q4 2014 and the 0.2% rise that the markets had expected. After exiting recession in the previous quarter, the economy grew at the fastest rate in four years in Q1 2015. More detailed data will be released on 29 May.
In annual terms, GDP recorded zero growth in Q1 2015, which contrasts the 0.5% decline observed in Q4 2014. The Q1 figure marked the highest reading since Q1 2011.
Author: Eric Denis , Economist