Istat revises upwards the annual growth: +1%. Confirmed +0.3% on a quarterly – The Sun 24 Hours

The gross domestic product in 2016, Istat confirms the optimism of the Government, which at the time of the launching of the manoeuvre had scomesso on an increase this year of at least one percentage point. On the basis of the update of the series, a trend common today, the Institute of Statistics has revised upwards the Gdp of the third quarter of 0.3%, +1% year-on-year: the annual growth of the Gdp of Italy not touched a round number for five years.

The preliminary estimate of Italian Gdp, released by Istat on 15 November last year had encountered the same cyclical increase of 0.3% and a trend increase of 0.9 per cent. The third quarter of 2016 had two working days more than the previous quarter and a working day less than in the third quarter of 2015.

GDP GROWTH
percentage Changes on corresponding quarter and concatenated values in million euro – reference year 2010. Data seasonally adjusted and corrected for calendar effects (Source: Istat)

premier Renzi rejoices via twitter
The premier Renzi rejoices via twitter, posting also a spot for the ” Yes ” to the constitutional referendum: “The Italian growth reached +1%. If the country unlocks, we will do more”. The wheel is always on twitter, even the leader of the dem in the Chamber, Ettore Rosato: “According to Istat, the Gdp in 2016 to 1% and unemployment to its lowest value since 2012. Signals that speak of recovery and allow investments #lavoltabuona”.

Manoeuvre, plan Italy arrived in Brussels: Gdp by 1% and the deficit to 2.3%. Padoan: we rule

underlying Increase of 1% in the I and III quarter
The institute of Statistics has revised upwards the Gdp in the second quarter (zero growth it goes to +0.1%) recorded a trend increase of 1% of Gdp in both the first and the third quarter of 2016, the highest since the second quarter of 2011 (when it was registered a +1,5%). At the same time, the level of Gdp in the quarter to the highest in four years in terms of value: with 392.303 million exceeds, in fact, that of the third quarter of 2012.

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