Italy Q2 preliminary GDP -0.1% vs +0.1% q/q expected
- 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.
