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Italy's Q2 GDP dips by 0.4%, shows slight YoY rise

12 Oct '23
16 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Italy's Q2 **** GDP shrank by *.* per cent compared to the first quarter, although it increased by *.* per cent year-on-year.
  • Industrial production saw a slight *.* per cent rise in August, while external trade experienced declines, particularly with EU countries.
  • Inflation showed an uptick with consumer prices rising by *.* per cent in September.

Italy&#**;s gross domestic product (GDP) has declined by *.* per cent in the second quarter (Q*) of this year compared to the previous quarter, though it rose by *.* per cent year-on-year. Carryover growth for **** is estimated at *.* per cent, according to the national account revision for Q* **** by Italian National Institute of Statistics (Istat).

On the supply side, the industrial production index in August registered a marginal *.* per cent increase compared to July. Over June-August, the index saw an average *.* per cent rise relative to the previous three months.

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