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Italy GDP down 12.8%

Christian Fernsby ▼ | August 31, 2020
Italian GDP fell 12.8$ in the second quarter of the year compared to the previous quarter, ISTAT said Monday.
Italy street
Second quarter   Italy street
It was down 17.7% on the second quarter of 2019, the stats agency said. Both figures were seasonally adjusted.

Topics: Italy

They were slightly worse than estimates issued on July 31. Back then, the quarter on quarter drop was 12.4% while the year on year one was 17.3%.

In August the national consumer price index, barring tobacco, showed an increase of 0.3% on a monthly basis and a fall of 0.5% on an annual basis, down from 0.4% the previous month.