Italy's 3Q Economy Grew Slightly Less Than Estimated
December 01 2020 - 5:23AM
Dow Jones News
By Xavier Fontdegloria
Italy's economic surge in the third quarter wasn't as high as
previously estimated, data from the country's statistics office
Istat showed Tuesday.
In the July-September period, Italy's gross domestic product
increased by 15.9% compared with the previous quarter amid the
reopening of the economy--0.2 percentage points less than the
preliminary estimate of 16.1% released on Oct. 30.
Italy's third-quarter GDP was down 5% compared with the same
period a year earlier, data showed. The drop is 0.3 percentage
points steeper than previously estimated.
The Italian economy--the eurozone's third-largest--is expected
to contract again in the fourth quarter as the resurgence of the
virus and renewed government restrictions hit economic
activity.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
December 01, 2020 05:08 ET (10:08 GMT)
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