Italy’s GDP fell by 0.4% in second quarter – Istat – English

(ANSA) – ROME, SEP 1 – Italy’s gross domestic product (GDP)
fell by 0.4% in the second quarter of 2023 with respect to the
previous three months, Istat said on Friday.


   
The drop was bigger than the figure of 0.3% that the statistics
agency had given in its preliminary estimates.


   
The agency said the GDP decrease was driven by a fall in
domestic demand.


   
Istat said GDP was up by 0.4% in the second quarter compared to
the same period last year.


   
It had given the year-on-year growth figure at 0.6% in the
preliminary estimates.


   
It said the carry-over annual GDP growth for 2023 is 0.7%.


   
(ANSA).