Italian GDP down by 0.7% in last quarter of 2011

Monday, 12 March 2012 02:40

According to ISTAT Italian GDP declined by 0.7% in a last quarter of 2011.

Today’s report confirmed earlier estimates.

 In a yearly capture Italian economy contracted by 0.4% in last quarter, instead of 0.5% expected.

Last week’s data showed that Euro area GDP declined by 0.3% in 2011.

The couple EUR/USD was traded at 1.3104 in early afternoon