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- Italy's GDP grew slightly in the 1st quarter compared to the 4th quarter
Italy's GDP grew slightly in the 1st quarter compared to the 4th quarter
According to the report from Istat, in the first quarter of 2019 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.1% to the previous quarter and decreased by 0.1% in comparison with the first quarter of 2018. Economists had expected increase by 0.2% to the previous quarter and increase by 0.1% y/y.
Compared to previous quarter, final consumption expenditure increased by 0.2%, gross fixed capital formation by 0.6% and exports by 0.2%. By contrast imports fell by 1.5%.
With respect to the first quarter of 2018, final consumption expenditure increased by 0.2%, gross fixed capital formation by 2.6%, imports by 1.8%, and exports by +3.5%.
The carry-over annual GDP growth for 2019 is null.
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