ISTAT confirms GDP up 0.3% in Q3 (2)

(ANSA) - Rome, December 1 - ISTAT said Thursday that Italy's gross domestic product (GDP) was up by 0.3% in the third quarter with respect to the previous three months and up by 1% compared to the same period in 2015. The quarter-on-quarter figure was the same as the national statistics agency had given in its preliminary estimate but the year-on-year one was revised up from 0.9%. Italy's acquired GDP growth for 2016, what the annual rate will be if growth is flat for the rest of the year, is 0.9%, ISTAT said, having revised up its previous estimate of 0.8%. The government has estimated Italy's economy will grow 0.8% this year.