Italy GDP

Italy

Italy: GDP drops for a fifth consecutive quarter

November 15, 2012

In the third quarter, GDP dropped a seasonally and working-day adjusted 0.2% over the previous quarter (Q2: -0.7% quarter-on-quarter), according to the second estimate released by the National Statistics Office (ISTAT) on 15 November. The contraction was smaller than 0.5% drop expected by the markets but still represents a fifth consecutive decline in economic output. In annual terms, the economy fell 2.4% over the same quarter last year, which mirrors the revised 2.4% drop (previously reported: -2.5% qoq) seen in the second quarter and marks the lowest reading since the last quarter of 2009. According to the government, the economy is expected to contract 1.2% this full year and to grow a paltry 0.3% in 2013. The Bank of Italy, however, has a more pessimistic outlook and expects a 2.0% GDP contraction this year and a 0.2% drop in 2013.


Author:, Head of Data Solutions

Sample Report

Looking for forecasts related to GDP in Italy? Download a sample report now.

Download

Italy GDP Chart


Italy GDP Flash Q3 2012

Note: Quarter-on-quarter changes of seasonally adjusted GDP and year-on-year variation in %.
Source: National Statistical Institute (Istat) and FocusEconomics Consensus Forecast.


Italy Economic News

  • Italy: Manufacturing sector at over six-and-a-half year high on booming new orders

    December 1, 2017

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at a multi-year high of 58.3 in November, above October’s 57.8 reading.

    Read more

  • Italy: GDP growth revised downwards in Q3

    December 1, 2017

    Economic growth gained some traction in the third quarter on the back of strong investment and a robust external sector.

    Read more

  • Italy: Inflation declines further in November

    November 30, 2017

    According to provisional data released by the National Statistical Institute (Istat) on 30 November, consumer prices dropped 0.2% on a monthly basis in November, matching October’s decrease.

    Read more

  • Italy: Consumer confidence weakens in November

    November 27, 2017

    The National Institute of Statistics’ (Istat) consumer confidence index declined to 114.3 points in November, down from October’s revised 116.0 points (previously reported: 116.1) and undershot market expectations of 116.4 points. November’s reading reflected a deterioration in consumers’ assessments of the current general economic situation as well as in their expectations about the future general economic situation.

    Read more

  • Italy: Business confidence slips in November

    November 27, 2017

    The National Institute of Statistics (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator)—which covers the manufacturing, construction, services and retail sectors—slipped to 108.8 points in November, a slight decrease from October’s multi-year high of 109.1 points. The weakening came mainly on the back of a deterioration in sentiment on the retail trade sector, in which both the assessments on current sales and the expectations on future sales worsened.

    Read more

More news

Search form