ITALY DATA: 1Q final GDP rose 0.1% q/q and 1.0% y/y, after gaining 0.1%
q/q in the 4Q 2010, as exports and domestic demand grew. The q/q data
was confirmed from preliminary figures released on May 13.
–Net exports contributed 0.2 points to q/q growth, while private and
government consumption each contributed 0.1 points. Inventory changes
subtracted 0.3 points to growth, and capital investment made no
contribution to q/q GDP.
–The 1Q result gives a growth platform of +0.5% for 2011, ISTAT said.
–See main wire for more details.