Italy's GDP for the third quarter has been revised upward to show a 0.1% growth quarter-on-quarter, according to recent data. This marks an improvement from the initial flat reading. On an annual basis, the economy grew by 0.6%, driven primarily by net exports, which added 0.5 percentage points to growth. However, a significant inventory drawdown reduced growth by 0.6 percentage points. Sector-wise, agriculture and services saw expansions of 0.8% and 0.2% respectively, while the industrial sector contracted by 0.3%.
Despite the GDP revision, the European Central Bank's policy outlook remains unchanged, as market attention continues to focus on inflation and broader euro-area economic indicators.
Italy's Q3 GDP Revised Upward to 0.1% Growth
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
