The growth rate is stabilizing in
Italy after it had slowed steadily throughout the rest of the
year, Italy's national statistic institute ISTAT said Monday.
GDP rose by 0.3% in the third quarter on the previous one and
1% on the year.
Manufacturing and investment are recovering, ISTAT noted,
while household consumption is still rising at +0.1% but retail
sales were down by 0.6% in the period from July to September.
Inflation oscillated around zero in this period.
The labour market experience a ''slight reduction'' in the
number of employed and confidence levels in manufacturing firms
dropped in November compared to September.
It is unclear what effect the constitutional referendum will
have on the situation.
However, ISTAT noted that it expected stabilization in the
last quarter of the year.
ALL RIGHTS RESERVED © Copyright ANSA