• Prior +0.3%
  • GDP Y/Y +0.4% vs +0.6% y/y expected
  • Prior +0.7%

The agency notes that the quarter on quarter change is the result of a decrease of value added in both agriculture, forestry and fishing and in industry, whereas the contribution of services was null. From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative contribution by the net export component.

Italy GDP QoQ
Italy GDP QoQ
Source: Forex Live