<\/p>\n
Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said, confirming provisional data.<\/p>\n
On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s flash estimate on Oct. 30.<\/p>\n
The breakdown of GDP components in the euro zone’s third largest economy showed firm consumer spending offset by the sharp quarterly declines in exports and investments.<\/p>\n
Giorgia Meloni’s government is officially forecasting full-year 2024 growth of 1%, but most analysts consider this unrealistic.<\/p>\n
ISTAT said that if growth stagnates again in the fourth quarter, full-year expansion will come in at just 0.5%.<\/p>\n
Recent economic data in Italy has been largely weak, with consumer and business confidence declining and the manufacturing sector contracting in November at its fastest rate this year.<\/p>\n
The labour market, however, remains relatively buoyant, with the jobless rate falling in October to its lowest since 2007.<\/p>\n
ISTAT said consumer spending in the third quarter was up 1.4% from the previous three months, imports increased 1.2%, while exports contracted by 0.9% and investments were down 1.2%.<\/p>\n
Inventory accumulation contributed a positive 0.2 percentage points to the quarter-on-quarter GDP figure.<\/p>\n
The second quarter was confirmed to have posted a 0.2% rise quarter-on-quarter, while the year-on-year rate was revised up to 0.7% from a previously reported 0.6%.<\/p>\n
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Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s flash estimate on Oct. 30. The breakdown of GDP components in the […]<\/p>\n","protected":false},"author":1,"featured_media":3035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Italy-4-1024x445.jpg",1024,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Italy-4-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Italy-4-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/12\/Italy-4.jpg",1024,683,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3034"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3034\/revisions"}],"predecessor-version":[{"id":3036,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3034\/revisions\/3036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3035"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}