FOREX TradingCharts.com

Financial News: Italy GDP Contracts 0.1% In Q4, As Estimated

Italy GDP Contracts 0.1% In Q4, As Estimated

03/03/2023 - 08:48:00 (RTTNews)

(RTTNews) - The Italian economy contracted marginally in the final quarter of 2022, largely due to weaker domestic demand, as initially estimated, the latest data from the statistical office Istat showed on Friday, triggering fears of a mild recession.

Gross domestic product fell 0.1 percent sequentially in the fourth quarter, reversing a revised 0.4 percent rise in the third quarter. That was in line with the flash data published on January 31.

Further, the economy contracted for the first time since early 2021. 

On the expenditure side, final consumption expenditure of households fell 1.6 percent, while government consumption grew 0.5 percent.

Gross fixed capital formation showed a positive quarterly growth of 2.0 percent. Exports rose 2.6 percent, while imports dropped by 1.7 percent.

On a yearly basis, GDP growth slowed to 1.4 percent in the December quarter from 2.5 percent in the  September quarter. In the flash report, the rate of expansion for the fourth quarter was 1.7 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


China Industrial Profits Fall Sharply (55 min(s), 21 sec(s) ago)
(RTTNews) - The decline in China's industrial profits deepened in the first two months of 2023 ...Full Story»

Japan Leading Index Falls Less Than Estimated (01 hr(s), 03 min(s), 21 sec(s) ago)
(RTTNews) - Japan's leading index decreased slightly less than initially estimated in January, ...Full Story»

European Economic News Preview: Germany Ifo Business Confidence Data Due (01 hr(s), 38 min(s), 21 sec(s) ago)
(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the to ...Full Story»

Japan Producer Prices Climb 1.8% On Year In February (43 min(s), 39 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 1.8 percent on year in February, the Bank of Japan sa ...Full Story»

Japan Producer Price Data Due On Monday (26 min(s), 39 sec(s) ago)
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a ligh ...Full Story»

Denmark Economic Sentiment Rises Further (11 min(s), 39 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (43 min(s), 39 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (38 min(s), 39 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

China Industrial Profits Fall Sharply

03/27/2023 - 02:31 AM (RTTNews)
(RTTNews) - The decline in China's industrial profits deepened in the first two months of 2023 ...Full Story>>

Japan Leading Index Falls Less Than Estimated

03/27/2023 - 02:23 AM (RTTNews)
(RTTNews) - Japan's leading index decreased slightly less than initially estimated in January, ...Full Story>>

European Economic News Preview: Germany Ifo Business Confidence Data Due

03/27/2023 - 01:48 AM (RTTNews)
(RTTNews) - Business confidence from Germany and monetary aggregates from the euro area are the to ...Full Story>>

Japan Producer Prices Climb 1.8% On Year In February

03/26/2023 - 20:10 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 1.8 percent on year in February, the Bank of Japan sa ...Full Story>>

Japan Producer Price Data Due On Monday

03/26/2023 - 17:53 PM (RTTNews)
(RTTNews) - Japan will on Monday release February figures for producer prices, highlighting a ligh ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.