Italy’s economy remains lacklustre

10/12/10 15:58 CET

economy

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Italy’s economy grew 0.3 percent in the third quarter compared to the second quarter of the year. That was slightly stronger than had been earlier estimated. Year on year growth was 1.1 percent.

And Italian industrial output was weaker than expected in October, slipping 0.1 percent from a month earlier after a 2.1 percent fall in September and pointing to sluggish growth going into the new year.

The data followed a 0.8 percent monthly fall in France, and a 2.9 percent surge in Germany, the euro zone’s largest economy, which continues to outperform its neighbours, according to data released earlier in the week.

Germany, France and Italy make up at least two thirds of the euro zone’s economic output.

More about: Economy, Industry, Italy

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