Italy Q2 preliminary GDP -0.1% vs +0.1% q/q expected

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  • Prior +0.3%
  • GDP Y/Y +0.4% vs +0.6% y/y expected
  • Prior +0.7%

The agency notes that the quarter on quarter change is the result of a decrease of value added in both agriculture, forestry and fishing and in industry, whereas the contribution of services was null. From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative contribution by the net export component.

This article was written by Giuseppe Dellamotta at investinglive.com.