empty
 
 

2020.12.0111:06:00UTC+00Italy's GDP Recovers In Q3

Italy's economy recovered from a recession in the third quarter albeit at a slower than previously estimated pace, final data from the statistical office Istat showed Tuesday. Gross domestic product grew 15.9 percent sequentially, in contrast to a 13 percent decline in the second quarter. The rate was revised down from the 16.1 percent expansion estimated initially.

On a yearly basis, GDP fell 5 percent instead of 4.7 percent fall estimated previously. On the expenditure-side, final consumption expenditure climbed 9.2 percent on quarter and gross fixed investment grew 31.3 percent. Imports and exports grew 15.9 percent and 30.7 percent, respectively.

The production-side breakdown showed that all main sectors added value in the third quarter. Industry and services grew 33.1 percent and 11.9 percent, respectively. Farm output gained 0.2 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback