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Italy confirms 0.3% GDP decline in Q4

Wednesday 4 March 2020 | 11:38 CET | News
Italy's gross domestic product fell by 0.3 percent in the fourth quarter of 2019 compared to the previous three months, confirming the preliminary reading, according to final data released by state statistics agency Istat. The decline follows a 0.1 percent sequential rise in the July to September period, and is the steepest quarterly drop since Q1 2013. Istat attributed the fall to weak domestic demand, above all in the industry and agriculture sectors, with the services sector remaining stagnant.

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