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Italian Economic Growth Revised Down as Demand, Exports Rose

Bloomberg business news

Costamagna Says Italy Is Recovering Quickly

Italy’s economy grew slightly less than previously estimated in the third quarter, while exports and domestic consumption both showed increases as the nation seeks a firmer footing for recovery.

Gross domestic product expanded 0.4 percent from the second quarter, down from the 0.5 percent indicated in a preliminary report from national statistics agency Istat on Nov. 14. On an annual basis, the economy grew 1.7 percent, down from 1.8 percent in the prior release, Istat also said.