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Italy Economy Grows 0.1%; Inflation Remains Stable

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Italy's economy rebounded in the third quarter, revised from a stagnant change estimated initially, the latest data from the statistical office ISTAT showed on Friday.

Another piece of official data revealed that consumer price inflation held steady in November.

Gross domestic product rose 0.1 percent sequentially in the third quarter, reversing a 0.1 percent decline in the second quarter.

On the demand side, national final consumption rose only 0.1 percent, and gross fixed capital formation advanced by 0.6 percent. Net foreign demand was also positive as exports grew 2.6 percent amid a comparatively slower increase of 1.2 percent in imports.

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