Italy: Economy remains mired in recession in Q3

In the third quarter, GDP dropped a seasonally and working-day adjusted 0.1% over the previous quarter (Q2: -0.3% quarter-on-quarter), according to the first estimate released by the National Statistics Office (ISTAT) on 14 November. The reading was in line with market expectations. This is Italy’s ninth consecutive decline in economic output, the country’s longest such streak. In annual terms, the economy fell 1.9% over the same quarter last year, which marks a slight improvement over the 2.2% drop seen in the second quarter.

Read more about Italian GDP.

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