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- Italy's economy expands by 0.1 percent q-o-q in Q3
Italy's economy expands by 0.1 percent q-o-q in Q3
ISTAT reported on Friday that Italy's GDP grew 0.1 percent q-o-q in the third quarter of 2019, the same pace as in the second quarter and in line with preliminary estimates.
On y-o-y basis, the economy expanded 0.3 percent.
Economists had forecast Italy's GDP to increase by 0.1 percent q-o-q and 0.3 percent y-o-y in the third quarter.
According to the report, final consumption expenditure increased by 0.3 percent q-o-q, while both gross fixed capital formation and exports declined by 0.2 percent q-o-q and 0.1 percent q-o-q respectively. At the same time, imports rose by 1.3% percent q-o-q.
Compared to the correspondent period of 2018, final consumption expenditure rose by 0.8 percent, gross fixed capital formation by 2.5 percent, imports by 1.6 percent, and exports by 1.2 percent.
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