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ITALY DATA: Flash GDP Disappoints In Q4

ITALY DATA
CEEMEAEurozoneData BulletItalyBulletMarketsFixed Income BulletsForeign Exchange Bullets

Italy flash Q4 GDP was a tenth weaker than expected at 0.0% Q/Q (vs 0.1% consensus, 0.0% prior), and 0.5% Y/Y (vs 0.6% consensus, 0.5% in Q3).

  • At an industry level, there was a "decrease of value added in both agriculture, forestry and fishing and in services, whereas the contribution of industry is positive."
  • The press release notes: "The fourth quarter of 2024 has had two days less with respect to the previous quarter and two more compared to the same quarter of previous year", but we're focusing on the seasonally and working day adjusted figures here which allow for that. 
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Italy flash Q4 GDP was a tenth weaker than expected at 0.0% Q/Q (vs 0.1% consensus, 0.0% prior), and 0.5% Y/Y (vs 0.6% consensus, 0.5% in Q3).

  • At an industry level, there was a "decrease of value added in both agriculture, forestry and fishing and in services, whereas the contribution of industry is positive."
  • The press release notes: "The fourth quarter of 2024 has had two days less with respect to the previous quarter and two more compared to the same quarter of previous year", but we're focusing on the seasonally and working day adjusted figures here which allow for that. 
image