Mercoledì, 24 Ottobre 2018
ROME

GDP falls 1.7% in first half, exceeding govt 1.3% forecast

English
© ANSA

Rome, August 6 - Italy's gross domestic product
(GDP) shrank 1.7% in the first half of the year, exceeding
government expectations of a 1.3% fall, the Italian statistical
agency Istat reported on Tuesday.
The GDP fell 0.2% from April to June compared to the first
three months, and sank 2% compared to the second quarter of
2012.
The second quarter of 2013 marked the eighth consecutive
three-month period in which the GDP contracted, Istat noted,
adding that an analogous situation had not been seen since the
agency began keeping a track in the first quarter of 1990.
Production in all sectors fell including, in the second
quarter, agriculture.
In the past, agriculture held its own, while industry and
service sectors felt the brunt of economic squeeze.
Agricultural production last contracted in the third
quarter of 2012.

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