Italy's Q4 2023 GDP records growth: ISTAT

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Italy's Q4 2023 GDP records growth: ISTAT

STORY: Italy's Q4 2023 GDP records growth: ISTAT SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:00:54 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Rome STORYLINE: Italy's gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said Tuesday. The quarter-on-quarter figure matched ISTAT's preliminary estimate at the end of January, while the year-on-year result was revised up from 0.5 percent. The primary drivers of economic growth are found in the industrial and construction sectors, while the agricultural sector saw a slight contraction, partly due to the impacts of extreme weather that affected Italy for much of last year. The services sector also experienced a slight decline, according to ISTAT. Xinhua News Agency correspondents reporting from Rome. (XHTV)

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