Italian economy contracts 0.1% in Q3

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Source: 4-traders
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 reported growth.
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Thu, 14 Nov 2013 11:41:06 GMT

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