ITALY DATA: 2Q final GDP rose 0.3% q/q and 0.8% y/y, after gaining 0.1%
q/q in 1Q11, all domestic demands grew, while imports decreased by
-2.3%.
– The data was confirmed from preliminary figures released on June 10.
–Net exports contributed 0.9 points to q/q growth, domestic demand
contributed 0.2 points. Inventories subtracted -0.8 points to growth
while capital investments and government comsumption made no
contributions to q/q growth.
–The 1Q result gives a growth platform of +0.7% for 2010, ISTAT said.