Thu, 14 Nov 2013 11:30:11 GMT
Italian economy contracts 0.1% in Q3
Economic decline in Italy reached 0.1% in the July-September quarter of the current year, while the annual GDP contraction stood at 1.9%. The results were better than economists expected, as the waited for a 0.2% drop on a quarterly basis. Italian statistical office Istat said that farming and service sectors of country's economy decreased the output, while the manufacturing sector