In accordance with Bpaynews, Italy’s Q3 GDP was revised upward to 0.1% quarter-on-quarter, up from a preliminary flat reading, with annual growth accelerating to 0.6% year-on-year. The growth was driven by net exports, which contributed +0.5 percentage points, while a sharp inventory drawdown subtracted -0.6 percentage points. Agriculture and services expanded by 0.8% and 0.2% respectively, while industry contracted by 0.3%. The ECB’s policy outlook remains unchanged, with markets focusing on inflation and broader euro-area indicators rather than the marginal GDP revision.
Italy Q3 GDP Revised Up to 0.1% q/q, Annual Growth Hits 0.6%
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