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Q2 GDP Revised Lower

ITALY DATA
(MNI) LONDON
  • -Final adjusted 2Q GDP -12.8% q/q (down frm prel. data -12.4%)
  • -Final adjusted 2Q GDP -17.7% y/y (down frm prel. data -17.3%)
  • -Italy q/q, y/y contractions worst on record since 1Q95--ISTAT says
  • -1Q 2020 real SA WDA GDP -5.5% q/q (rev'd dn), -5.6% y/y (rev'd dn)
  • -Net exports fell -26.4% q/q, imports down -20.5% Q/Q
  • -Final net domestic demand subtracted 9.5 points from GDP
  • -Domestic demand, export drops drove 2Q20 GDP freefall--Istat says
  • -Inventory changes subtracted 0.9 points from GDP
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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