Italy´s GDP rises more than expected 1.3 % yoy

Discussion in 'Economics' started by ASusilovic, Sep 10, 2010.

  1. Sept. 10 (Bloomberg) -- Italy’s exports gained in the three months through June as the economy expanded more than initially reported, amid signs the recovery may slow in coming months.

    Sales abroad climbed 3.3 percent from the first quarter, Rome-based statistics institute Istat said in its final report on gross domestic product today. Household spending remained flat, the report also said.

    As Italy emerged from its worst recession since World War II, the unemployment rate fell in July to 8.4 percent from the highest in more than eight years. Still, there are signals that the recovery may be slowing. Industrial output rose 0.1 percent in July on a monthly basis and 4.8 percent from a year ago, Istat said in a separate report today. Both readings were lower than forecast by economists in a Bloomberg survey.

    GDP rose 0.5 percent in the second quarter and 1.3 percent from a year earlier, Istat said today. The quarterly reading was higher than a June 8 preliminary projection of 0.4 percent growth, which was also the median forecast of 17 economists in a Bloomberg survey. The $2.1 trillion economy expanded 0.4 percent in the first quarter.
  2. Good news again. We are in some kind of a "hidden" boom.